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

Educomp Solutions Limited Vs State of Chhattisgarh (Chhattisgarh High Court)  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,” due to the initiation of new arbitration proceedings between the same parties. The court concluded that no further purpose would be served by continu...