Wed. Oct 21st, 2020

Ms Zilingo Pte Ltd vs Union Of India And Ors & Ors. on 14 October, 2020

1 min read

Prathiba M. Singh, J.(Oral)
1. This hearing has been held through video conferencing.
2. The present writ petition has been listed in the typed supplementary
list on special marking, and has been taken up at 4:00 P.M today. The
urgency expressed is that a bank guarantee, for a sum of USD 6.75 million,
is sought to be encashed by the Respondent No. 1/Union of India, through
the Ministry of External Affairs. The encashment demand has been raised
by the High Commission of India in Singapore, for invoking the said bank
guarantee dated 9th April 2020, vide its letter dated 8th October, 2020. The
issuing bank, of the bank guarantee, is Respondent No. 3/ DBS Bank
Singapore, has sent an e-mail to the Petitioner, stating that the amount is
likely to be credited to the beneficiary’s account by 10:00 A.M on 15th
October, 2020.

Source: Indian Kanoon

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