Delhi High Court Rules on Release of Performance Bank Guarantees After Contract Completion
The High Court of Delhi, in a pivotal decision on December 12, 2022, addressed the contentious issue of whether employers can retain performance bank guarantees after the acknowledged completion of contractual obligations. This ruling came in the case of Union of India vs. RCCIVL-LITL (JV), where the court, presided over by Hon’ble Mr. Justice V. […]