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Delhi high court refuses to restrain encashment of performance bank guarantee, says invocation need not specify amount recoverable
Delhi High Court Verdict on Performance Bank Guarantee: No Restriction on Encashment, Invocation Need Not Specify Recoverable Amount. Case Name: Sanjeevni Infra Projects Ltd. v. Union of India and Anr. Case No: O.M.P.(I) (Comm.) 469/2026 and I.A. 27830/2026, decided on 7 October 2026 Coram: Justice Manoj Jain Citation: (2026) ibclaw.in 6080 HC The Delhi High Court has dismissed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking to restrain encash
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