SADGURU ENGINEERS AND ALLIED SERVICES PVT LTD vs NATIONAL HIGHWAYS INFRASTRUCTURE DEVELOPMENT CORPORATION LTD REPRESENTED BY ITS MANAGING DIRECTOR & ORS.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 20.01.2026 Judgment pronounced on:24.02.2026 + O.M.P.(I) (COMM.) 18/2026 & I.A. 1378/2026 (Ex.) SADGURU ENGINEERS AND ALLIED SERVICES PVT LTD .....Petitioner Through: Mr. Ashkrit Tiwari, Ms. Aditi Shrivastava, Mr. Kartik Pendharkar, Ms. Kanika Arora, Mr. Aman Kumar and Mr. Abhinav Akash, Advocates. versus NATIONAL HIGHWAYS INFRASTRUCTURE DEVELOPMENT CORPORATION LTD REPRESENTED BY ITS MANAGING DIRECTOR & ORS. .....Respondents Through: Mr. Gopal Singh, Mr. Shivam Singh and Mr. Shubham Janghu, Advocates for Respondent No. 1. Mr. Santosh Kumar Rout, Standing Counsel for Respondent No. 2. Ms. Devna Soni, Mr. Shivashish Dwivedi and Ms. Varsha Jain, Advocates for Respondent No. 4. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. The present Petition has been filed under Section 9 of the Signature Not Verified Digitally Signed By:HARVINDER KAUR O.M.P.(I) (COMM.) 18/2026 Page 1 of 26 BHATIA Signing Date:27.02.2026 13:58:07 Arbitration and Conciliation Act, 19961, seeking the following reliefs: “a. Pass an ex-parte ad-interim order, thereby restraining the Respondents from invoking/ encashing the bank guarantees issued by the State Bank of India i.e., herein Respondent No.2; namely: - i. Performance Bank Guarantee No. 0151824BG0000014 for Rs.3,24,00,324/- dated 20.01.2024; ii. Mobilization Bank Guarantee No. 0151824BG0000057 for Rs.3,50,46,351/- dated 04.03.2024; and iii. Performance Bank Guarantee No. 0151824BG0000016 for INR. 1,89,00,019/- dated 20.01.2024 b. Pass an order restraining Respondent No.1, its servants, employees and agents from terminating the contracts for Pkg-I and Pkg-IV, in as much as the EPC Contract is also “the subject matter of the arbitrat