Challenge to Bank Guarantee Invocation During IBC Moratorium Dismissed by Chhattisgarh HC

 The Chhattisgarh High Court has dismissed a writ petition filed by Educomp Solutions Limited, which sought to halt the invocation and encashment of a bank guarantee worth over ₹3 crore by the State. The court’s decision was not a ruling on the merits of the dispute but was based on the finding that the matter had become redundant, or “infructuous,”

Please become a Premium member. If you are already a Premium member, login here to access the full content.