TACON INFRASTRUCTURE PVT LTD vs NATIONAL HIGHWAYS AUTHORITY OF INDIA & ORS.

* IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 04.03.2025 + O.M.P.(I) (COMM.) 75/2025, I.A. 5667/2025 and I.A. 5668/2025 TACON INFRASTRUCTURE PVT LTD .....Petitioner Through: Mr. K.G. Sukhwani, Mr.Chirag Sukhwani, Mr.Anil K. Sharma, Mr.Amandeep Singh and Mr.Nandlal Kumar, Advocates versus NATIONAL HIGHWAYS AUTHORITY OF INDIA & ORS. .....Respondents Through: Mr.Santosh Kumar, Standing Counsel with Mr.Devansh Malhotra and Mr.Kartik Gupta, Advocates Mr.Mridul Jain, Sr.Panel Counsel for respondent No.2 CORAM: HON'BLE MR. JUSTICE MANOJ KUMAR OHRI JUDGMENT (ORAL) 1. By way of present petition filed under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter, referred to as the „A&C Act‟), the petitioner seeks the following reliefs with respect to Bank Guarantees (hereinafter, referred to as “BG”) :- (a) By way of interim measure of protection, restrain the Respondent No.2 from invoking the Bank Guarantee No.3311IPEBG210004 dated 28.07.2023 issued by Respondent No.3 for an amount of Rs.1,23,45,444/- and also restrain the Respondent No.3 from making the payment of Bank 2. The Petitioner was awarded contract for repair and maintenance of Ahmedabad-Godhra Section