VISHNU PRAKASH R PUNGLIA LIMITED
Background Context
This disclosure is in continuation of the company's earlier intimation dated 14-01-2026 regarding termination notice from North Western Railway for the contract involving "Earthwork in filling/cutting in formation, Blanketing, construction of station building including electrical and S&T structures, Passengers/ goods platforms, Platform shelters, Foot over bridges, Passenger amenities work, S&T structures, staff quarters, LHS /RUBs, Minor Bridges, Retaining walls, Toe wall, pitching work and all other ancillary works between Jaipur- Chaksu stations from Km 131.270 to Km 87.60 in connection with Jaipur- Sawai Madhopur Doubling Project".
Court Judgment Details
- Case Reference: SB Civil Writ Petition No. 983/2026 connected with SBCWP 8878/2026
- Court: High Court of Judicature for Rajasthan, Jodhpur
- Judgment Reserved: 21-07-2026
- Judgment Pronounced: 17-08-2026
- Detailed Judgment Received: 19-08-2026
Court Order Contents
- The Company is directed to avail alternative efficacious remedy before the competent forum
- Status quo (as on the date judgment was reserved) shall be maintained for a period of 45 days from the date of pronouncement (17-08-2026)
Financial Implications
- Performance Guarantee and Security Deposit were already encashed prior to this judgment
- No further financial implication as of now
- Fresh NIT of Department cannot be decided now as no Letter of Award (LOA) was issued up to 21-07-2026
Company Action
The Company has decided to avail appropriate and efficacious remedy by filing petition before competent forum as directed by the Hon'ble Court.
Additional Information
No other relevant information provided (marked as NA in the disclosure).