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Bank Guarantee for MP Electricity Board

The document is a bank guarantee provided by the Punjab & Sind Bank to the M.P. Electricity Board. It guarantees payment of up to Rs. 2,77,920 to the Board if SCT Limited fails to fulfill its supply contract for equipment and materials worth Rs. 27,79,200. The guarantee is valid until a specified date and the competent court for any disputes is located in Jabalpur.

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0% found this document useful (0 votes)
253 views29 pages

Bank Guarantee for MP Electricity Board

The document is a bank guarantee provided by the Punjab & Sind Bank to the M.P. Electricity Board. It guarantees payment of up to Rs. 2,77,920 to the Board if SCT Limited fails to fulfill its supply contract for equipment and materials worth Rs. 27,79,200. The guarantee is valid until a specified date and the competent court for any disputes is located in Jabalpur.

Uploaded by

sohan lal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

B.G. No.

________
Date ________
M. P. Electricity Board,
JABALPUR

In consideration of the M. P Electricity Board, Jabalpur having agreed to accept this bank
guarantee in lieu of cash deposit by way of security for due and faithful performance
required from M/s SCT LIMITED, C-15, Industrial Area, Site-3, Meerut Road, Ghaziabad,
hereinafter referred to as contractors the bank of Punjab & Sind Bank, Lohia Nagar, New
Ghaziabad, hereby agrees unequivocally and unconditionally to pay within 48 hours on
demand in writings from the M. P. Electricity Board or any officer authorized by it in this
behalf of any amount upto and not exceeding Rs. 2,77,920/- (Rs. Two Lacs Seventy Seven
Thousand Nine Hundred Twenty only) of the said M. P. Electricity Board on behalf of the
aforesaid M/s SCT LIMITED, Ghaziabad, who have tendered and contracted for the supply
of materials, equipments or services to the said M. P. State Electricity Board against P. O.
No. 04-01/03381-8/SVI dated 02-11-2000 for the order value of Rs. 27,79,200/-.
This agreement shall be valid and binding on this bank up to and including _____________
or for such further period as may hereunder be mutually fixed from time to time in writing
by the M. P. Electricity Board, and the contractors and shall not be terminable by notice or
any change in the constitution of the aforesaid bank or the firm of contractors or by any
other reasons what-so-ever and the banker's liability hereunder shall not be impaired or
discharged by any extensions of time or variations or alternation made, given conceded or
agreed to with or without the bank's knowledge or consent by or between the M. P.
Electricity Board and the contractors in the existing and or further tenders and/or contractor.

It is agreed to by the bank with the Board that if for any reason a dispute arises concerning
the Bank's liability to pay the requisite amount to the Board under the terms of this
guarantee the competent court at Jabalpur alone shall have the jurisdiction to determine the
said dispute and that this shall be without prejudice to the liability of the Bank under the
terms of this guarantee being unequivocal and unconditional as mentioned above.
The liability under this guarantee is restricted to Rs. 2,77,920/- (Rs. Two Lacs Seventy
Seven Thousand Nine Hundred Twenty only) only. This guarantee shall remain in force
until ____________ unless a demand to enforce a claim is made under this Bank Guarantee
by the Board to the Bank within six months from that date i.e. up to ----------- the rights of
the M P Electricity Board under this guarantee shall be forfeited and the bank shall be
relieved and discharged from all liability thereunder.

Witness

1.

2.
This Non – Judicial Stamp forms part and parcel of the enclosed Text of Bank Guarantee
bearing No. 1/03 of Rs. 16,48,200/- (Rs. Sixteen Lacs Forty Eight Thousand Two Hundred
only) executed by SYNDICATE BANK, RAJ NAGAR, GHAZIABAD for SCT Ltd. in
favour of M. P. State Electricity Board, Jabalpur on 04-02-2003.
To,

The Chief Engineer (T&P),


M. P. State Electricity Board,
Shakti Bhawan,
JABALPUR – 482 008 (MP) INDIA

Amendment to B. G. No. 1/03 dated 04-02-2003 of Rs. 16,48,200/- issued in favour of The
Chief Engineer (T&P), M. P. State Electricity Board, Shakti Bhawan,
JABALPUR – 482 008 (MP).

Contd………
–2–

“The Contract number and date appearing on top right hand corner of page 1 and fourth line
of 1st para of page 1 may be read as 04-01/ADB (1869)/MPSEB/TR-03/03485-1
/Jabalpur/Dt. 19/12/2002” instead of 04-01/ADB (1869)/MPSEB/TR-03 dated 27-12-2002”.

Contd………
–3–

All other terms and conditions of the Bank Guarantee remain the same.
The Chief Engineer (Gen:Pur), B.G. No. ________
MP State Electricity Board, Date ________
Shed No. 15,
Rampur
JABALPUR – 482 008

In consideration of the M. P Electricity Board, Jabalpur having agreed to accept this bank
guarantee in lieu of CASH deposit by way of Security for due and faithful performance
required from M/s SCT LIMITED, C-15, Industrial Area, Site-3, Meerut Road, Ghaziabad,
hereinafter referred to as contractors, the Punjab & Sind Bank, Lohia Nagar, New
Ghaziabad, hereby agrees unequivocally and unconditionally to pay within 48 hours on
demand in writings from the M. P. State Electricity Board or any officer authorized by it in
this behalf of any amount upto and not exceeding Rs. 1,39,317/- (Rs. One Lac Thirty Nine
Thousand Three Hundred Seventeen only) of the said M. P. State Electricity Board on
behalf of the aforesaid M/s SCT LIMITED, Ghaziabad, who have tendered and contracted
for the supply of materials, equipments or services to the said M. P. State Electricity Board
against Order No. 07-08/T-578/PT/SCT/454 dated 15-02-2005 for the order value of
Rs. 1,39,317/- (Rs. One Lac Thirty Nine Thousand Three Hundred Seventeen only).
This agreement shall be valid and binding on this bank up to and including _____________
or for such further period as may hereunder be mutually fixed from time to time in writing
by the M. P. State Electricity Board, and the contractors and shall not be terminable by
notice or any change in the constitution of the aforesaid bank or the firm of contractors or
by any other reasons what-so-ever and the banker's liability hereunder shall not be impaired
or discharged by any extensions of time or variations or alternation made, given conceded or
agreed to with or without the bank's knowledge or consent by or between the
M. P. State Electricity Board and the contractors in the existing and or further tenders and/or
contractor.

It is agreed to by the bank with the Board that if for any reason a dispute arises concerning
the Bank's liability to pay the requisite amount to the Board under the terms of this
guarantee the competent court at JABALPUR alone shall have the jurisdiction to determine
the said dispute and that this shall be without prejudice to the liability of the Bank under the
terms of this guarantee being unequivocal and unconditional as mentioned above.
The liability under this guarantee is restricted to Rs. 1,39,317/- (Rs. One Lac Thirty Nine
Thousand Three Hundred Seventeen only) only. This guarantee shall remain in force until
____________ unless a demand to enforce a claim is made under this Bank Guarantee by
the Board to the Bank within six months from that date i.e. up to __________ the rights of
the M. P. State Electricity Board under this guarantee shall be forfeited and the bank shall
be relieved and discharged from all liability thereunder.

Witness

1.

2.
The Chief Engineer (Gen:Pur),
MP State Electricity Board,
Shed No. 15,
Rampur
JABALPUR – 482 008

Subject: AMENDMENT IN BANK GUARANTEE No. 49/04 DATED 21-03-2005 FOR


Rs. 1,39,317/- ISSUED IN YOUR FAVOUR.

1. In this first line of para 1 of Page 1 of the Bank Guarantee the word “State” is added
between “M. P.” and “Electricity”.

2. In the last line of Para 1 of Page 1 of the Bank Guarantee “Rs. 13,93,170/-
(Rs. Thirteen Lacs Ninety Three Thousand One Hundred Seventy only)” is added
instead of “Rs. 1,39,317/- (One Lac Thirty Nine Thousand Three Hundred Seventeen
only)”.

3. In the last line of Para 1 of Second Page of Bank Guarantee the word “Contracts” is
added in place of “Contractor”.

All other terms and conditions of the Bank Guarantee remain unchanged. This amendment
letter may please be treated as an integral part of the original Bank Guarantee.
The Chief Engineer (Gen:Pur), B.G. No. ________
MP State Electricity Board, Date ________
Shed No. 15,
Vidyut Nagar,
JABALPUR – 482 008

In consideration of the M. P. State Electricity Board, Jabalpur having agreed to accept this
bank guarantee in lieu of CASH deposit by way of Security for due and faithful
performance required from M/s SCT LIMITED, C-15, Industrial Area, Site-3, Meerut Road,
Ghaziabad, herewith after referred to as contractors, the Punjab & Sind Bank, Lohia Nagar,
New Ghaziabad, hereby agrees unequivocally and unconditionally to pay within 48 hours on
demand in writing from the M. P. State Electricity Board or any officer authorized by it in
this behalf of any amount upto and not exceeding Rs. 5,31,594/- (Rs. Five Lacs Thirty One
Thousand Five Hundred Ninety Four only) to the said M. P. State Electricity Board on
behalf of the aforesaid M/s SCT LIMITED, Ghaziabad, who have tendered and contracted
for the supply of materials, equipments or services to the said M. P. State Electricity Board
against Order No. 07-08/T-585/CT/SCT/1128 dated 16-04-2005 for the order value of
Rs. 53,15,937/- (Rs. Fifty Three Lacs Fifteen Thousand Nine Hundred Thirty Seven only).
This agreement shall be valid and binding in this bank up to and including _____________
or for such further period as may hereunder be mutually fixed from time to time in writing
by the M. P. State Electricity Board, and the contractors and shall not be terminable by
notice or any change in the constitution of the aforesaid bank or the firm of contractors or
by any other reasons what-so-ever and the banker's liability hereunder shall not be impaired
or discharged by any extensions of time or variations or alternation made, given conceded or
agreed to with or without the bank's knowledge or consent by or between the M. P. State
Electricity Board and the contractors in the existing and/or further tenders and/or contracts.
It is agreed to by the bank with the Board that if for any reason a dispute arises concerning
the Bank's liability to pay the requisite amount to the Board under the terms of this
guarantee the competent Court at JABALPUR alone shall have jurisdiction to determine the
said dispute and that this shall be without prejudice to the liability of the Bank under the
terms of this guarantee being unequivocal and unconditional as mentioned above.
The liability under this guarantee is restricted to Rs. 5,31,594/- (Rs. Five Lacs Thirty One
Thousand Five Hundred Ninety Four only) only. This guarantee shall remain in force until
____________ unless a demand to enforce a claim is made under this Bank Guarantee by
the Board to the Bank within six months from that date i.e. up to __________ the right of
the M. P. State Electricity Board under this guarantee shall be forfeited and the bank
shall be relieved and discharged from all liability there under.

Witness

1. ………………………………
………………………………….
----------------------------------------
----------------------------------------

2. ………………………………
………………………………….
----------------------------------------
----------------------------------------
The Chief Engineer (Gen:Pur),
M. P. Power Generating Co. Ltd.,
Shed No. 15,
Vidyut Nagar,
JABALPUR – 482 008

AMENDMENT IN B. G. No. 16/05 DATED 06-10-2005 FOR Rs. 5,31,594/-.

The following amendment is issued in respect of above mentioned Bank Guarantee.

1. On Page 1, 2 & 4 of the B. G., the words “M. P. State Electricity Board” may be
read as “M. P. Power Generating Company Ltd. (MPPGCL)”.

2. On Page No. 3 line No. 1 & 2 and on Page 4 line No. 4, the words “Board” may
be read as “MPPGCL”.

3. On Page No. 2 line 6, the word “Alternation” may be read as “alteration”.

All other terms and conditions of the B. G. will remain unchanged. This amendment letter
may please be treated as an integral part of the original Bank Guarantee.
The Chief Engineer (Gen:Pur), B.G. No. ________
MP Power Generating Co. Ltd, Date ________
Shed No. 15,
Vidyut Nagar,
JABALPUR – 482 008

In consideration of the M. P. Power Generating Co. Ltd., Jabalpur having agreed to accept
this bank guarantee in lieu of CASH deposit by way of Security for due and faithful
performance required from M/s SCT LIMITED, C-15, Industrial Area, Site-3, Meerut Road,
Ghaziabad, herewith after referred to as contractors, the Punjab & Sind Bank, Lohia Nagar,
New Ghaziabad, hereby agrees unequivocally and unconditionally to pay within 48 hours on
demand in writing from the M. P. Power Generating Co. Ltd., Jabalpur or any officer
authorized by it in this behalf of any amount upto and not exceeding Rs. 2,13,164/- (Rs.
Two Lacs Thirteen Thousand One Hundred Sixty Four only) to the said M. P. State
Electricity MPPGCL on behalf of the aforesaid M/s SCT LIMITED, Ghaziabad, who have
tendered and contracted for the supply of materials, equipments or services to the said M. P.
Power Generating Co. Ltd., Jabalpur, MPPGCL against Order No. 07-08/T-
585/CT/SCT/1128 dated 16-04-2005 and extension order No. 07-08/T-585/CT-
Extn/SCT/810 dated 02-03-2006 for the order value of Rs. 2,13,164/- (Rs.
Two Lacs Thirteen Thousand One Hundred Sixty Four only).
This agreement shall be valid and binding in this bank up to and including _____________
or for such further period as may hereunder be mutually fixed from time to time in writing
by the M. P. Power Generating Co. Ltd., Jabalpur, and the contractors and shall not be
terminable by notice or any change in the constitution of the aforesaid bank or the firm of
contractors or by any other reasons what-so-ever and the banker's liability hereunder shall
not be impaired or discharged by any extensions of time or variations or alteration made,
given conceded or agreed to with or without the bank's knowledge or consent by or between
the M. P. Power Generating Co. Ltd., Jabalpur and the contractors in the existing and/or
further tenders and/or contracts.
It is agreed to by the bank with the MPPGCL that if for any reason a dispute arises
concerning the Bank's liability to pay the requisite amount to the MPPGCL under the terms
of this guarantee the competent Court at JABALPUR alone shall have jurisdiction to
determine the said dispute and that this shall be without prejudice to the liability of the Bank
under the terms of this guarantee being unequivocal and unconditional as mentioned above.
The liability under this guarantee is restricted to Rs. 2,13,164/- (Rs. Two Lacs Thirteen
Thousand One Hundred Sixty Four only) only. This guarantee shall remain in force until
____________ unless a demand to enforce a claim is made under this Bank Guarantee by
the MPPGCL to the Bank within six months from that date i.e. up to __________ the right
of the M. P. Power Generating Co. Ltd., Jabalpur under this guarantee shall be forfeited
and the bank shall be relieved and discharged from all liability there under.

Witness

1. ………………………………
………………………………….
----------------------------------------
----------------------------------------

2. ………………………………
………………………………….
----------------------------------------
----------------------------------------
The Chief Engineer (Gen:Pur),
MP Power Generating Co. Ltd,
Shed No. 15,
Vidyut Nagar,
JABALPUR – 482 008

Subject: AMENDMENT IN B.G. No. 65/6 DATED 27-09-2006 FOR Rs. 2,13,164/-.

Dear Sir,

Following amendment is issued in respect of above mentioned Bank Guarantee:

1. In line No. 13 of 1 st Page of the Bank Guarantee, the amount of Rs. 2,13,164/- may be read
as Rs. 21,31,634.88 (Rs. Twenty One Lacs Thirty One Thousand Six Hundred Thirty Four
and Eighty Eight Paise only)
2. The Contents of last Page of the Bank Guarantee is reproduced below:

The liability under this guarantee is restricted to Rs. 2,13,164/- (Rs. Two Lacs Thirteen Thousand One
Hundred Sixty Four only) only. This guarantee shall remain in force until 26-03-08 unless a demand to
enforce a claim is made under this Bank Guarantee by the MPPGCL to the Bank within six months from
that date i.e. up to 26-09-08 the right of the M. P. Power Generating Co. Ltd., Jabalpur under this
guarantee shall be forfeited and the bank shall be relieved and discharged from all liability there under.

Witness
1. ………………………………
----------------------------------------
2. ………………………………
…………………………………

All other terms and conditions of the B. G. remain unchanged. This amendment letter may please be
treated as an integral part of an original Bank Guarantee.
B. G. No. 16/05 dated 06-10-2005

M. P. Power Generating Co. Ltd.,


Jabalpur

Dear Sirs,

As the request of our client M/s SCT LIMITED, C-15, Industrial Area, Site-3, Meerut Road,
Ghaziabad (UP), we hereby extend our Guarantee No. 16/05 dated 06-10-2005 given on their behalf
for a further period from 05-04-2007 to 05-04-2008.

Our liabilities under this guarantee is limited to a sum not exceeding Rs. 5,31,594/- (Five Lacs
Thirty One Thousand Five Hundred Ninety Four only).

This Guarantee shall remain in force upto 05-04-2008 unless a demand to enforce a claim is made
under this bank guarantee, to this bank within above mentioned validity, the right of M. P. Power
Generating Co. Ltd. under this guarantee shall be forfeited and the bank shall be relieved and
discharged from any liability there under.

Witness
1. ……………………………… Signed
----------------------------------------
2. ……………………………… for …………………………….
………………………………… Bank

(Seal)
From,

Punjab & Sind Bank,


Lohia Nagar,
Ghaziabad (UP)

M. P. Power Transmission Co. Ltd.,


Block No. 3, Shakti Bhawan,
Jabalpur

B. G. No. 50/04-05 dated 31-03-2005 for Rs. 8,19,300/-

Dear Sirs,

At the request and on behalf of our client M/s SCT LIMITED, C-15, Industrial Area, Site-3,

Meerut Road, Ghaziabad (UP), we hereby extend the validity of our Bank Guarantee

No. 50/04-05 dated 31-03-2005 for Rs. 8,19,300/- (Rs. Eight Lacs Nineteen Thousand

Three only) given on their behalf for a further period from 30-04-2007 to 30-04-2008.
Our liability under this guarantee is limited to a sum not exceeding Rs. 8,19,300/- (Rs. Eight

Lacs Nineteen Thousand Three only). This guarantee shall remain in force upto 30-04-2008.

Unless a demand to enforce a claim is made under this Bank Guarantee, to this bank within

six months from that date i.e. upto 30-10-2008, the right of M. P. Power Transmission

Company Limited under this guarantee shall be forfeited and the bank shall be relieved and

discharged from all liabilities there under.

Witness
1. ……………………………… Signature (Signature on behalf of Bank &
Rubber stamp/seal of the Bank)
------------------------------------- Name

……………………………….. Address

2. ……………………………… Signature

………………………………… Name

……………………………….. Address
M. P. Power Generating Co. Ltd.,
Block No. 8, Shakti Bhawan,
Vidyut Nagar, Rampur,
Jabalpur-482 008

B. G. No. 23/05 dated 11-08-2005 for Rs. 26,430/-

Dear Sirs,

At the request and on behalf of our client M/s SCT LIMITED, C-15, Industrial Area, Site-3,

Meerut Road, Ghaziabad (UP), we hereby extend the validity of our Bank Guarantee

No. 23/05 dated 11-08-2005 for Rs. 26,430/- (Rs. Twenty Six Thousand Four Hundred

Thirty only) given on their behalf for a further period from 17-05-2007 to 17-05-2008.
Our liability under this guarantee is limited to a sum not exceeding Rs. 26,430/- (Rs.

Twenty Six Thousand Four Hundred Thirty only). This guarantee shall remain in force

upto 17-05-2008. Unless a demand to enforce a claim is made under this Bank Guarantee, to

this bank within six months from that date i.e. upto 17-11-2008, the right of M. P. Power

Generating Company Limited under this guarantee shall be forfeited and the bank shall be

relieved and discharged from all liabilities there under.

Witness
1. ……………………………… Signature (Signature on behalf of Bank &
Rubber stamp/seal of the Bank)
------------------------------------- Name

……………………………….. Address

2. ……………………………… Signature

………………………………… Name

……………………………….. Address
M. P. Power Generating Co. Ltd.,
Block No. 8, Shakti Bhawan,
Vidyut Nagar, Rampur,
Jabalpur-482 008

Subject: AMENDMENT IN B.G. No. 23/05 DATED 18-11-2005 FOR Rs. 26,430/-.

Dear Sirs,

“The date of the Bank Guarantee No. 23/05 dated 18-11-2005 appeared in first page of the extension

deed may please be read as 18-11-2005 in place of 11-08-2005.”

All other terms and conditions of the Bank Guarantee remain unchanged. This amendment letter

may please be treated as an integral part of original Bank Guarantee.


From:

Punjab & Sind Bank,


Lohia Nagar,
New Ghaziabad

To,

The Chief Engineer (Trans),


M. P. Power Transmission Company Limited,
Block No. 3, Shakti Bhawan,
JABALPUR

Bank Guarantee No. 11/05 dated 06-09-2005 for Rs. 18,31,500/-.

Dear Sir,

At the request and on behalf of our client M/s SCT LIMITED. We hereby extend the

validity of our Bank Guarantee No. 11/05 dated 06-09-2005 for Rs. 18,31,500/- (Rs.

Eighteen Lacs Thirty One Thousand Five Hundred only) given on their behalf for further

period from 30-11-2007 to 30-11-2008.


Our liability under this guarantee is limited to a sum not exceeding Rs. 18,31,500/- (Rs.
Eighteen Lacs Thirty One Thousand Five Hundred only). This guarantee shall remain in
force upto 30-11-2008. Unless a demand to enforce a claim is made under this Bank
Guarantee, to this bank within six months from that date i.e. upto 30-05-2009 the rights of
the M. P. Power Transmission Company Limited under this guarantee shall be forfeited and
the bank shall be relieved and discharged from all liabilities thereunder.

(Signature on behalf of Bank &


Rubber Stamp/seal of the Bank)

Witness

1. ____________________ (Signature)

____________________ (Name)

______________________ (Address)

2. ____________________ (Signature)

____________________ (Name)

______________________ (Address)

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