The firm advised and represented Hindustan Power Projects Private Limited (HPPPL) who encashed Bank Guarantees (BGs) amounting to INR 506 crores issued by 9 Banks on behalf of Lanco Infratech Limited (Lanco). The BGs were invoked due to unfulfilled contractual obligations related to engineering and construction work at the HPPPL’s 2 X 600 MW Anuppur Thermal Power Plant at district Anuppur, Madhya Pradesh. Lanco had approached the Delhi High court seeking stay on invocation and encashment of BGs. The Delhi High Court while accepting the contentions of encashment of BGs. The Delhi High Court while accepting the contentions of HPPPL for invocation and encashment of BGs, refused the stay to Lanco enabling HPPPL to encash the bank guarantees. Maneesha Dhir, Managing Partner and Sachin Gupta, Partner assisted by Varsha Banerjee, KPS Kohli and Abhishek Kumar, strategized the invocation of the BGs and represented HPPPL before the Delhi High Court.