This is the suit filed by the plaintiffs against the
defendants seeking the relief of declaration that the
invocation dated 1.6.2016 of performance of bank
guarantee BG15-463 dated 8.1.2016 (earlier BG14-222
dated 14.5.2014) is illegal, void and non-est and for
perpetual injunction restraining the defendant No.1 from
presenting or encashing and defendant No.2 from
honouring the said Bank Guarantee or any part thereof.
2. The brief facts of the plaintiffs case are that the
plaintiff is a private limited company duly incorporated
under the Companies Act, 1956 and having its registered
office at the address set forth in the cause title. The
plaintiff company is represented herein by its Managing
Director/ Chief Executive Officer Mr.Prakash Venkatesan
who is fully authorised to prosecute the present
proceedings.