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- BANKING & FINANCE
- Delhi HC restrains IOCL from invoking/encashing bank guarantees furnished by Punj Lloyd Limited HELD ..till the expiry of period of one week from the lifting of the lockdown, imposed by the Central Government, consequent to COVID-2019 pandemic, the IOCL shall remain injuncted from encashing/invoking the aforesaid three bank guarantees, It, nonetheless, directed that there shall be an ad-interim injunction against IOCL, restraining it from encashing the bank guarantees which are yet to be invoked.