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

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 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. 1583N