Q: FACT 5.20

Fact 5.20 : It is submitted that a mechanism for dispute redressal is provided in the contract and any dispute ought to be resolved in accordance with  the prescribed procedure. That before even following the duly laid procedure, the Respondent Nos. 1 and 2 are attempting to liquidate the  the Bank Guarantee, which will cause substantial business, financial as well as reputational loss to the Petitioner, therefore, the Petitioner has no other remedy but to approach this Hon’ble Court through this present Petition. Hence, this Petition on following grounds: