PRIMETALS TECHNOLOGIES INDIA PRIVATE LIMITED v. STEEL AUTHORITY OF INDIA LIMITED SAIL
OMP (ENF.) (COMM.)/138/2024 · 2025-07-31
Jasmeet Singh
body2025
DailyLaw.ai
[ 2025 DAILYLAW 45199 (DEL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 45199 (DEL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
$~O2 * IN THE HIGH COURT OF DELHI AT NEW DELHI + OMP (ENF.) (COMM.) 138/2024
PRIMETALS TECHNOLOGIES INDIA PRIVATE LIMITED .....Decree Holder Through: Mr. Rajesh Mankanda, Mr. Keshri Kumar and Ms. Sanya, Advs.
versus
STEEL AUTHORITY OF INDIA LIMITED SAIL .....Judgement Debtor Through: Ms. Sangeeta Sondhi and Mr. Daksh Jain, Advs.
CORAM:
JOINT REGISTRAR (JUDICIAL) BHAWANI SHARMA
O R D E R %
20.11.2025
1. File is placed before this Court on office note in terms of order dated 31.07.2025 for releasing the amount to the decree holder subject to furnishing the bank guarantee.
2. Mr. Subhanshu Shrivastava working as Documentation Associate with HSBC Bank, Gurgaon Branch virtually joined the proceedings and his statement has been recorded with respect to verification of the bank guarantee.
3. Mr. Subhanshu Shrivastava has stated that the bank issued BG no. LEGBOM304171 on 07.11.2025 for a sum of Rs.192,071,360.00 (Rupees Ninteen Crores Twenty Lakhs Seventy One Thousand and Three Hundred and Sixty Only) and the same is valid upto
06.11.2027. The same has been issued at the instance of PRIMETALS TECHNOLOGIES INDIA PVT LTD in favour of the Registrar General, Delhi High Court. He has identified the bank guarantee as Ex.BG/DH/X-1. This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 28/11/2025 at 15:13:52
4. The Ex.BG/DH/X-1 is found in order and the same is hereby accepted. Decree holder shall keep the BG alive during the pendency of the present proceedings. The banker has submitted his signed statement for issued bank guarantee along with photocopy of his employee id card virtually.
5. Registry is directed to release the amount to the decree holder as directed in order dated 31.07.2025 of the Hon9ble Court.
BHAWANI SHARMA
JOINT REGISTRAR
(JUDICIAL) NOVEMBER 20, 2025/yo
This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 28/11/2025 at 15:13:52