1. GA COM 2 of 2024 is an application filed by HPL (the award holder) for
certain reliefs and directions. The award holder prayed for a direction
upon the Registrar Original Side, High Court at Calcutta to
2025:CHC-OS:91
encash/invoke the bank guarantee for a sum of Rs. 15,65,50,000/-
furnished by the award debtor/BPCL and to transmit the entirety of the
amount of Rs. 15.5 crores under the bank guarantee, in favour of the
award holder. The award holder also undertook to furnish adequate
security. In effect, a modification of the order dated June 23, 2022
passed in AP 338 of 2022 was prayed for. Further direction was sought
upon the award debtor to furnish additional security of Rs. 2.3 crores.
This court had directed filing of affidavits to the said application and
proceeded to hear out the application for setting aside the award.