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HC directs 'status quo' on bank guarantees in a plea by toll contractor

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New Delhi: The Delhi High court has directed “status quo" shall be maintained in respect of invocation of bank guarantees and other securities on a plea by Skylark Infra Engineering Private Limited against National Highways Authority of India (NHAI) and Ministry of Road Transport & Highways in a dispute arising due to lack of toll collection on account of Covid-19 in respect of the contracts relating to the toll plazas in Assam and Meghalaya.The court added in its order that the petitioner shall continue to deposit all the toll collected at the various toll plazas with NHAI, after deducting the retention amount as per the respective contracts.

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