Wednesday, 19 March 2014

Government To Appeal Against Italian Court Decision On Encashment of Bank Guarantees in AWIL Contract

The Government of India will be filing an appeal against the order of the Italian Court in Milan in the case relating to encashment of bank guarantees in the contract for the procurement of 12 VVIP/VIP helicopters from AgustaWestland International Ltd. (AWIL). Simultaneously, the Government will vigorously pursue all options for encashment of the bank guarantees. 

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