NATIONAL GRID COMPANY PLC versus GOVERNMENT OF PAKISTAN, PRIVATE POWER AND INFRASTRUCTURE BOARD, MINISTRY OF WATER AND POWER
Special Relief Act 1877 Section 54 Civil Procedure Code (v. 1908), O XXXX, RR 1 and 2 of the Constitution of Pakistan (1973), Article 185 (3) suit for indemnity and permanent injunction, grant of applicant company Agreement received for the transmission network and the installation of authority issued two letters of intent and support in connection with the transmission policy, which contained the core commitments for designing, financing, etc. between the parties and the agreement between the parties. On the terms of, the Bank Guarantee was provided under the terms of cooperation of the applicant company Petitioner Company letters and Failure to take the necessary steps for the performance of the CBI, the Authority declared the applicant company to be the defaulter and proceeded with the disclosure of the bank guarantee provided by the applicant. In addition to the disclosure of the guarantee and the application for interim relief, the suit intelligence also said that the bank guarantee was, according to the terms of the guarantee, free and unrecognizable without the company's handover and provided that the beneficiary The applicant / authority may, at its sole discretion and decision, request the bank guarantee guarantee / bank payment without referring to the applicant company. And the beneficiary's decision regarding the applicant company / sponsor's default decision, delay or failure to perform its obligations, the final and undoubtedly the High Court has found that the guarantor himself served the notice. Is obligated to pay the bail amount. Or references to the sponsor / applicant company or any other person and that neither the initial case has been presented and
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