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, and one of the JV partners, UTM Engineering, is undergoing liquidation. The Railways have released funds for the project and state its national importance. The Railways seek to ensure the project's completion, even with one JV partner in liquidation.
The Railways filed an application to vacate a stay order related to a tunnel construction project. The project is being carried out by a Joint Venture (JV) consisting of UTM Engineering Pvt. Ltd. and Tantia Construction Limited. UTM Engineering is undergoing liquidation. The Railways have already released funds for the project. The Railways filed a Status Report in compliance with a previous order. The project is considered to be of national importance. The Railways are willing to consider allowing another party to take over the work of the JV partner in liquidation, provided the tunnel construction is completed urgently. The Railways are not interested in terminating the contract but only in completing the tunnel construction. The project is not progressing as per the
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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, and one of the JV partners, UTM Engineering, is undergoing liquidation. The Railways have released funds for the project and state its national importance. The Railways seek to ensure the project's completion, even with one JV partner in liquidation.
The Railways filed an application to vacate a stay order related to a tunnel construction project. The project is being carried out by a Joint Venture (JV) consisting of UTM Engineering Pvt. Ltd. and Tantia Construction Limited. UTM Engineering is undergoing liquidation. The Railways have already released funds for the project. The Railways filed a Status Report in compliance with a previous order. The project is considered to be of national importance. The Railways are willing to consider allowing another party to take over the work of the JV partner in liquidation, provided the tunnel construction is completed urgently. The Railways are not interested in terminating the contract but only in completing the tunnel construction. The project is not progressing as per the
…Stay order pa…
Order date for…
Sign in to view related legal provisions.