Delhi HC Tells Distressed Rattan India To Give 10-Day Notice To BHEL Before Invoking Bank Guarantee [Read Order]
akanksha jain
6 Nov 2018 8:23 PM IST
![Delhi HC Tells Distressed Rattan India To Give 10-Day Notice To BHEL Before Invoking Bank Guarantee [Read Order] Delhi HC Tells Distressed Rattan India To Give 10-Day Notice To BHEL Before Invoking Bank Guarantee [Read Order]](https://www.livelaw.in/cms/wp-content/uploads/2018/10/Delhi-HC.jpg)
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6 Nov 2018 8:23 PM IST
The Delhi High Court has directed Rattan India Nasik Power Ltd, formerly called Indiabulls Power, to give at least 10-day notice to Bharat Heavy Electrical Limited (BHEL) in case it intends to invoke or encash its bank guarantee of Rs 263 crore submitted by the latter under phase -I of the Nasik and Amravati Thermal Power Project.Justice Rajiv Shakdher passed the order after BHEL moved...
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