ANANT SKY INFRASTRUCTURE PVT LTD vs RAIL VIKAS NIGAM LTD. AND ANR & ANR.

Judgment text excerpt

$~40 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 22.04.2026 + O.M.P.(I) (COMM.) 169/2026, I.A. 10956/2026 (Stay), I.A. 10957/2026 (Ex.) & I.A. 10958/2026 (Ex. From filing lengthy synopsis and list of dates) ANANT SKY INFRASTRUCTURE PVT LTD .....Petitioner Through: Mr. Sameer Vashisht, Ms. Harshita Nathrani, Mr. Swapan Singhal and Mr. Aryaman Vavhher, Advocates with Mr. Deepak Singh (Authorised Representative of the Petitioner). versus RAIL VIKAS NIGAM LTD. AND ANR & ANR. .....Respondents Through: Mr. Anil Seth, Mr. Udit Seth, Mr. Divyanshu Singh, Advocates for R-1. Mr. Ateev Mathur and Mr. Amol Sharma, Advocates for R-2. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) 1. The present Petition, filed under Section 9 of the Arbitration and Conciliation Act, 19961, seeks the following interim reliefs: “….. a. Restrain Respondent No.1 from encashing the following Bank Guarantees: - 1 Act Signature Not Verified Digitally Signed By:NEERU O.M.P.(I) (COMM.) 169/2026 Signing Date:24.04.2026 Page 1 of 6 11:00:22 S. BG Number BG date Valid Claim Amount Rs. No Upto Period . 1. 1583NDLG00009025 21.08.2024 31.03.2027 31.03.2027 16,95,33,230 2. 1583NDLG00000326 05.04.2025 03.07.2026 03.07.2026 1,00,00,000 3. 1583NDLG00000426 04.04.2025 03.07.2026 03.07.2026 2,00,00,000 4. 1583NDLG00000226 04.04.2025 03.07.2026 03.07.2026 1,50,00,000 5. 1583NDLG00001726 09.04.2025 09.04.2025 09.07.2026 1,25,00,000 b. Restrain Respondent No.2 from acting on the demand notices dated 18.04.2026 issued by Respondent No.1 to it whereby Respondent No.1 directed the Respondent No.2 to encash the Bank Guarantees as stated in prayer (a) c. Direct RVNL (Respondent No.1) to handover/return all the above Bank Guarantees to the petitioner in view of the facts as stated above