{"id":376316,"date":"2020-10-01T12:10:24","date_gmt":"2020-10-01T06:40:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376316"},"modified":"2020-10-01T12:10:24","modified_gmt":"2020-10-01T06:40:24","slug":"kishanganga-hydro-electric-project-sc-dismisses-hcc-plea-against-nhpc-invoking-bank-guarantee","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kishanganga-hydro-electric-project-sc-dismisses-hcc-plea-against-nhpc-invoking-bank-guarantee\/","title":{"rendered":"Kishanganga hydro-electric project: SC dismisses HCC plea against NHPC invoking bank guarantee"},"content":{"rendered":"<p>The Supreme Court has dismissed Hindustan Construction Company\u2019s (HCC\u2019s) appeal seeking to restrain public sector undertaking National Hydro-Electric Power Corporation (NHPC) from invoking\/encashing its bank guarantees (BGs) worth Rs 214.36 crore. The BGs were furnished as part of its contractual obligation during setting up of the Rs 1925.84-crore Kishanganga hydro-electric power project in Jammu and Kashmir.<\/p>\n<p>While rejecting HCC\u2019s appeal, a Bench led by Justice R Nariman said, \u201cthe contract speaks of final completion\u201d and the company is yet to finish the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court has dismissed Hindustan Construction Company\u2019s (HCC\u2019s) appeal seeking to restrain public sector undertaking National Hydro-Electric Power Corporation (NHPC) from invoking\/encashing its bank guarantees (BGs) worth Rs 214.36 crore. The BGs were furnished as part of its contractual obligation during setting up of the Rs 1925.84-crore Kishanganga hydro-electric power project in Jammu and Kashmir. While rejecting HCC\u2019s appeal, a Bench led by Justice R Nariman said, \u201cthe contract speaks of final completion\u201d and the company is yet to finish the project.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-376316","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=376316"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376316\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}