VPRPL

VISHNU PRAKASH ; VPRPL GETS COURT RELIEF IN NORTH WESTERN RAILWAY CONTRACT DISPUTE ⚖️🚉 • 🏛️ Rajasthan High Court, Jodhpur granted interim relief to VPRPL-KSIPL BKN JV • 🛑 Court ordered that bank guarantee furnished by the JV shall not be encashed till next hearing • 🚧 Dispute relates to North Western Railway contract for major yard modification works at Bikaner Railway Station • 💰 Potential liability involved includes forfeiture of performance guarantee & security deposit worth ~₹19.12 Cr and ₹8.25 Mn respectively • 📄 Company had filed writ petition challenging contract rescinding order and seeking restraint on encashment of bank guarantee • 📉 Company stated expected financial implication is “Nil” after court stay on encashment 🟢 Impact: Positive (Interim court relief prevents immediate financial outflow and provides temporary legal protection in contract dispute)