This case involves an application filed by Railways seeking to vacate a stay order related to a construction project. The project, entrusted to a Joint Venture (JV) involving UTM Engineering and Tantia Construction, involves tunnel construction. Delays have occurred, impacting the project's timeline and potentially costing the public exchequer. One of the JV partners, UTM Engineering, is undergoing liquidation. The Railways have released funds for the project and are interested in its completion. The Railways filed a Status Report in compliance with previous orders.
The Railways filed an application to vacate a stay order related to a tunnel construction project. The project was entrusted to a Joint Venture (JV) consisting of UTM Engineering Pvt. Ltd. and Tantia Construction Limited. UTM Engineering is undergoing liquidation. The Railways have released funds for the project. The project is of national importance, and delays are costly. The Railways filed a Status Report as per court orders. The Liquidator of UTM Engineering has placed a Status Report. The Railways are interested in completing the project and are willing to work with the JV partners. The constitution of the JV cannot be changed. Another party is interested in taking over UTM Engineering as a going concern. The Railways are not interested in terminating the contract
…Sign in to view the parties.
The Bench passed a stay…
Compliance ord…
This case involves an application filed by Railways seeking to vacate a stay order related to a construction project. The project, entrusted to a Joint Venture (JV) involving UTM Engineering and Tantia Construction, involves tunnel construction. Delays have occurred, impacting the project's timeline and potentially costing the public exchequer. One of the JV partners, UTM Engineering, is undergoing liquidation. The Railways have released funds for the project and are interested in its completion. The Railways filed a Status Report in compliance with previous orders.
The Railways filed an application to vacate a stay order related to a tunnel construction project. The project was entrusted to a Joint Venture (JV) consisting of UTM Engineering Pvt. Ltd. and Tantia Construction Limited. UTM Engineering is undergoing liquidation. The Railways have released funds for the project. The project is of national importance, and delays are costly. The Railways filed a Status Report as per court orders. The Liquidator of UTM Engineering has placed a Status Report. The Railways are interested in completing the project and are willing to work with the JV partners. The constitution of the JV cannot be changed. Another party is interested in taking over UTM Engineering as a going concern. The Railways are not interested in terminating the contract
…The Bench passed a stay…
Compliance ord…