Act of God Qualifies as Force Majeure, No Retention of Bank Guarantees Required: Delhi High Court

In a significant ruling, the Delhi High Court has held that an “Act of God” qualifies as a force majeure event, and does not justify retention of performance bank guarantees if it was beyond the control of the concerned party.  The division bench comprising Justice Rajiv Shakdher and Justice Amit Bansal delivered this judgment in

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