1. The hearing was conducted through video conferencing.
OMP (I) (COMM.) 95 & 96/2020 Page 1 of 4
2. Petitioner, by the present petition, under Section 9 of the
Arbitration & Conciliation Act, 1996 (hereinafter referred to as the
"Arbitration Act"), inter alia seeks a restraint on the respondent from
invoking and encashing the performance bank guarantees issued by
respondent no. 2 on behalf of the petitioner and further seeks a
direction to respondent no. 1 to release the payments due to the
petitioner under the relevant contracts.
3. It is submitted that the respondent no. 2 is a Performa party.
4. Several contracts have been executed between petitioner and
respondent no. 1 for provision of services, personnel and equipment.
The contracts were executed as part of a composite transaction for the
performance of services between petitioner and respondent no. 1 and
are subject to and governed by Master Services Agreement and
Master Supply Agreement.