SJVN Green Energy Barred from Rs 16.5 Cr Guarantees

Authority: Court (unspecified)

Order Date: 09 April 2026

Case Overview

• Parties: M/S Hartek Solar Private Limited (petitioner) vs SJVN Green Energy Limited and another (respondent).
• Case: CARBC-17 of 2026.
• Counsel: petitioner represented by Senior Advocate R.L. Sood and Advocate Arjun Lall; respondent by Senior Advocate K.D. Shreedhar and Advocate Shreya Chauhan (who waived notice).
• Interim proceedings: respondent granted four weeks to file reply; notice waived.

Final Outcome

• Respondent restrained from encashing or invoking any steps or receiving money under two bank guarantees:

1. Contract Performance‑cum‑Security Guarantee No.035GT02231070025 for Rs 2,38,11,272, valid till 31‑Aug‑2026.

2. Advance Bank Guarantee No.035GT01231720001 for Rs 14,16,16,245, valid till 30‑Jun‑2026.

• Order effective immediately; list scheduled for 14‑May‑2026.

Topics: Bank Guarantees, Legal Restraint, Renewable Energy