9911796707
TMI Blog2015 (11) TMI 1696X X X X Extracts X X X X X X X X Extracts X X X X ..... of respondent no.6 i.e. Jaiprakash Associates Ltd. The subject four SBLCs have been extended until 1st June 2016. The undertaking of Jaiprakash Associates Limited, recorded in order dated 20th November, 2015 i.e. that the SBLCs will continue to be extended and / or replaced from time to time, for a period of six months each, has become operative forthwith, such that will secure the validity of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Authority for Advance Ruling. - REVIEW PETITION (L) NO. 54 OF 2015 IN WRIT PETITION NO. 2129 OF 2014 IN WRIT PETITION (L) NO. 3245 OF 2015 - - - Dated:- 30-11-2015 - M.S. SANKLECHA M.S. SONAK, JJ. Mr. Harish Salve, Sr. Counsel with Ms. Anuraddha Dutt, Ms. Fereshete Sethna, Mrunal Parekh, Karan Laheri, Shantanu Singh, Vijendra Vatsa, Manan Shukla, Ms. Khushboo Shah, N.K. Pruthviraj i/b D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng their rights and contentions in proceedings pending in the British Court filed by the Review Petitioner, the order dated 1st September, 2014 is modified / reviewed as under : (i) The subject four SBLCs have been extended until 1st June 2016. The undertaking of Jaiprakash Associates Limited, recorded in order dated 20th November, 2015 i.e. that the SBLCs will continue to be extended and / or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Banker to Review Petitioner FOWC, four weeks prior to the expiry of each SBLC's. (iv) Respondent no.6 i.e. Jaiprakash Associates Ltd. accepts that the SBLCs will continue after expiry of the Race Promotion Contract (RPC) on 31st December, 2015 and FOWC shall be entitled to drawdown upon the SBLCs, notwithstanding expiry of the RPC subject to clause (i) above. (v) The undertaking on behal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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