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Jkm-Nkc (Jv) vs National Highways Authority Of … on 14 May, 2018

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1. The petitioner (a joint venture company) has filed the present
petition under Section 9 of the Arbitration and Conciliation Act, 1996
(hereafter „the Act‟), inter alia, praying that the respondent (National
Highway Authority of India -hereafter „NHAI‟) be restrained from
taking any coercive action in respect of the Performance Bank
Guarantees (hereafter „PBGs‟) and Bank Guarantees issued to secure
the Mobilisation Advance provided to the petitioner (ABGs). The
PBGs were furnished by the petitioner to NHAI for securing due
execution of works, which are described as “Balance work of

O.M.P.(I) (COMM.) 337/2016 Page 1 of 20
construction of 4-laning road from km 165.40 to km 190.587 of
Jatinga Junction to Harangajo section of NH-54 in the State of Assam,
contract package, EW -II (AS – 21) – (Bal)” (hereafter „the Project‟).

Source: Indian Kanoon

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