Full Judgment
As a consequence interim orders have been passed whereby the respondent has been directed to keep the bank guarantee amount in a separate account.
Although I have no option but to dismiss the application, but since affidavits have been filed in this matter and the rights of the parties have been altered because of the pendency of this application before this Court, the parties are directed to maintain status quo amongst themselves with regard to the contract for a period of four weeks from date to enable the petitioner to approach the appropriate forum.
On expiry of such period of four weeks or upon the petitioner approaching the forum, whichever is earlier, this order will stand vacated.
All parties concerned are to act on a signed photocopy of this order on the usual undertakings.