M/S SAFETY CONTROLS AND DEVICES LTD. vs NTPC RENEWABLE ENERGY LIMITED AND ORS

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 02.02.2026 Judgment pronounced on: 12.02.2026 + O.M.P.(I) (COMM.) 42/2026, I.A. 2954/2026 (Exemption from filing true typed copies of dim or illegible annexures) & I.A. 2955/2026 (Seeking exemption from filing synopsis and list of dates with five pages) M/S SAFETY CONTROLS AND DEVICES LTD. .....Petitioner Through: Mr. Gautam Narayan, Senior Advocate along with Mr. Talha Abdul Rahman, Mr. Utsav Misra, Mr. Sudhanshu Tewari, Mr. Faizan Ahmed and Ms. Asmita Singh, Advocates. versus NTPC RENEWABLE ENERGY LIMITED AND ORS .....Respondents Through: Mr. Gopal Jain, Senior Advocate along with Mr. Anish Gupta, Mr. Kapil Paliwal and Ms. Mehak Arora, Advocates with Mr. Abhishek Singh, Law Officer, NTPC REL. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. The present petition under Section 9 of the Arbitration and Conciliation Act, 19961 has been filed on behalf of M/s Safety 1 The Act Signature Not Verified Digitally Signed O.M.P.(I) (COMM.) 42/2026 Page 1 of 29 By:HARVINDER KAUR BHATIA Signing Date:16.02.2026 14:08:11 Controls and Devices Ltd.2, seeking ad-interim and interim measures restraining Respondent No.1 from acting upon, encashing and/or appropriating the Advance Bank Guarantee and Insurance Surety Bonds furnished by the Petitioner under Agreements bearing Reference No. NRE-CS-5800-004(SS1)-9-FC-COA-207 & NRE- CS-5800-004(SS1)-9-SC-COA-208 both dated 12.03.2025 for ‘Substation Package of 945MVA Capacity for Power Evacuation from Solar PV Projects at Bikaner, Rajasthan’3. The prayer clause to the instant petition reads as follows: ―….. a) Pass an ex-parte ad-interim order restraining and injuncting the Respondents, its officers, servants, agents, representat