Indra Sistemas Sa vs Kolkata Metro Rail Corporation Ltd on 12 August, 2025

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recoveries towards the cost of the alleged BCC procured by it from

third parties from the payments due to the Petitioner under the
Contract or otherwise, in furtherance to its letter dated 28th
March, 2025 or otherwise;

(b) That pending the hearing and final disposal of the arbitration
proceedings, the Respondent be restrained from the invocation
and/or encashment of the 2(two) bank guarantees bearing no’s
0999614FG0001387 (new no. 1731314FG1001387) and
1731321FG0000837 issued by the State Bank of India;

(c) That pending the hearing and final disposal of the arbitration
proceedings, the Respondent be directed to deposit with the
registry of this Hon’ble Court the sum of Rs.29,15,742/- deducted
by it from the payments due to Indra towards the cost of the BCC
alleged to be procured by it from third parties;



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