LARSEN AND TOUBRO LIMITED CYRIL AMARCHAND MANGALDAS vs Oil and Natural Gas Corporation Limited — HCBM20145552026

Case Summary Larsen and Toubro Limited filed a post-award petition under Section 9 of the Arbitration Act seeking interim relief to prevent ONGC from invoking a bank guarantee worth USD 9,710,490 + EUR 529,370 + INR 52,42,50,100. The petition was disposed of after ONGC's counsel assured the court that ONGC does not intend to encash the guarantee (valid till 30 April 2026) while pursuing a separate Section 34 challenge to the arbitral awards. The petitioner retained liberty to file a fresh petition if circumstances change. This case analysis is maintained by casestatus.in based on publicly available court records.