2017 (1) TMI 1670

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..... etitioner to the Custom Authorities, with a bank guarantee of NTPC. The writ petition is disposed of directing the respondent No.1 to approach the Custom Authorities for the replacement of the bank guarantee in the sum of ₹ 8,15,00,000/- furnished by the petitioner. The petitioner shall afford all assistance for the said purpose and both the parties shall execute such necessary documents, .....

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..... ty alongwith the applicable interest on the import of Hot Rolled Plates under advance authorizations dated 03.07.2008 and 10.02.2009 for Loharinag Pala Hydro Electric Power Project, District Uttarkashi, Uttarakhand. 2. The petitioner, who had been awarded the contract of the project, for execution of the said project, had imported Hot Rolled Plates under advance authorizations. S .....

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..... No.1 had agreed to replace the bank guarantee, submitted by the petitioner to the Custom Authorities, with a bank guarantee of the respondent No.1. 6. On 23.11.2016, this Court had noted the contentions of the petitioner that, by letter dated 22.10.2016, the respondent No.1 had reiterated its commitment that the bank guarantee furnished by the petitioner would be replaced by a ba .....

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