RAMKY INFRASTRUCTURE LIMITED AND ECI ENGINEERING CONSTRUCTION COMPANY LIMITED (JV) vs NATIONAL HIGHWAYS AND INFRASTRUCTURE DEVELOPMENT CORPORATION LTD & ANR.

Judgment text excerpt

$~SB-28 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 11.06.2025 + O.M.P.(I) (COMM.) 230/2025 & I.A. 14735/2025, I.A. 14736/2025 & I.A. 14737/2025 RAMKY INFRASTRUCTURE LIMITED AND ECI ENGINEERING CONSTRUCTION COMPANY LIMITED (JV) .....Petitioner Through: Mr. Salil Sinha, Mr. Vipul Kumar Sharma, Mr. Sahil Chandra, Mr. Kushal Mishra & Ms. Stuti Jain, Advocates. versus NATIONAL HIGHWAYS AND INFRASTRUCTURE DEVELOPMENT CORPORATION LTD & ANR. .....Respondents Through: Mr. Kamal Kant Jha, Mr. Avinash Singh & Mr. Manas Tiwari, Advocates for Respondent No.1. Mr. Sumeet Batra, Mr. D.K. Sachar, Dr. Roopanshi Batra & Mr. Rishabh Jain, Advocates for Respondent No.2/Karur Vysya Bank Limited. CORAM: HON'BLE MR. JUSTICE TEJAS KARIA ORDER % 11.06.2025 TEJAS KARIA, J. (Oral) 1. The Petitioner has filed the present Petition under Section 9 of the Signature Not Verified Signed By:NEELAM SHARMA Signing Date:12.06.2025 O.M.P.(I) (COMM.) 230/2025 Page 1 of 3 21:24:20 Arbitration and Conciliation Act, 1996 (‘Act’) seeking urgent interim reliefs in relation to a Contract Agreement dated 12.05.2016 (‘Agreement’) entered into between the Petitioner and the Respondent No.1 for the purpose of four- laning of Dimapur – Kohima Road (‘Project’) in the state of Nagaland. 2. The learned Counsel for the Petitioner submits that the present Petition has been filed for seeking urgent interim measures against the unilateral and coercive actions of Respondent No.1 in invoking the Performance Bank Guarantee amounting to ₹19.35 crores and initiating termination of the Agreement despite completion of the Project. 3. The learned Counsel for the Petitioner submits that the Petitioner has already invoked Arbitration in compliance with the Arbitration Agreement contained under Clause 26.3 of the Agre