M S LAKSHMI INFRASTRUCTURE AND DEVELOPERS INDIA PRIVATE LIMITED vs NATIONAL HIGHWAYS AUTHORITY OF INDIA

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 20thApril, 2026 + O.M.P.(I) (COMM.) 133/2026, I.A. 8558/2026, I.A. 8559/2026, I.A. 8560/2026 & I.A. 9167/2026 M S LAKSHMI INFRASTRUCTURE AND DEVELOPERS INDIA PRIVATE LIMITED .....Petitioner Through: Mr. Anil K. Airi, Sr. Adv. with Mr. Abhimanyu Kumar, Ms. Bindiya L. Airi, Mr. Vishal Tyagi, Ms. Riya Sagar, Ms. Jasmin Sokhi and Mr. Harsh Gautam, Advs. M: 9870584901 Email: [email protected] versus NATIONAL HIGHWAYS AUTHORITY OF INDIA .....Respondent Through: Ms. Tanu Priya Gupta and Ms. Khushi Sharma, Advs. M: 9205944009 CORAM: HON'BLE MS. JUSTICE MINI PUSHKARNA MINI PUSHKARNA, J. (ORAL): 1. The present petition has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”) seeking stay of the Notice of Intention to Terminate dated 10th March, 2026, issued by the respondent with respect to the Engineering, Procurement and Construction Contract (“EPC Contract”) dated 27th October, 2022. 2. There is a further prayer for seeking stay on the invocation of two Bank Guarantees for performance security dated 14th October, 2022 for an 3. The aforementioned EPC Contract had been executed betw