gayatri projects limited - Edelweiss

11. Gayatri Projects Limited vs. State of A.P. & Ors. (O.S.No.2/2001) at 1st Addl. District Judge, Karim NagarGayatri Projects Limited was awarded canal works of Sri Ram Sagar (SRSP) Projects by the State of A.P, whichwas completed on July 31, 2004. Time factor was the major essence of the contract. However, the employer failedto give the work fronts as a result of which the Contractor (Gayatri Projects Limited) could not achieve the target ofthe 1st mile-stone. The employer without considering the reasons for delay imposed liquidated damages of Rs.43.68lakhs stating that, the contractor failed to execute the works on time. Gayatri Projects Limited initially filed Suit forpermanent injunction. However, the Hon’ble court refused to grant temporary injunction. And consequently, theemployer collected the liquidated damages from the bills of the Company. Gayatri Projects Limited has amendedthe suit and has prayed for recovery of Rs.47.80 lakhs with interest. The Hon’ble Court granted decree in favour ofGayatri Projects Limited.12. Gayatri Projects Limited vs. State of A.P. & Ors. (O.S.No.15/2000) at 1st Addl. District Judge, Karim NagarGayatri Projects Limited was awarded canal works of Sri Ram Sagar (SRSP) Projects by the State of A.P, whichwas completed on July 31, 2004. Time factor was the major essence of the contract. However, the employer failedto give the work fronts as a result of which the Contractor (Gayatri Projects Limited) could not achieve the target ofthe 1st mile-stone. The employer without considering the reasons for delay imposed liquidated damages of Rs.281.82 lakhs stating that, the contractor failed to execute the works on time. Gayatri Projects Limited initially filedSuit for permanent injunction. However, the Hon’ble court refused to grant temporary injunction. And consequently,the employer collected the liquidated damages from the bills of the Company. Gayatri Projects Limited has amendedthe suit and has prayed for recovery of Rs. 333.38 lakhs with interest. The Hon’ble Court granted decree in favourof Gayatri Projects Limited. .13. M/S. Gayatri Projects Limited vz. The State Of A.P. & Others (OSSR 10576/2005) at District Judge,Kakinada,A.PThe Company executed road work at Jonnada-Ramchandra Puram, A.P. which was completed on December 31,2001 wherein the employer wrongly imposed liquidated damages and also failed and ignored to pay the priceescalation as per the agreement. Consequently, the Company preferred the present civil Suit for recovery on 05-12-2005. The amount involved is Rs.160 Lakhs- .The Hon’ble Court has issued notice to the Defendants and thematter came up for appearance of the Defendants on 19.06.2006. The Defandant has yet to file the written statement.14. M/s Gayatri Projects Limited vz. M/s Kay Kay Enterprises and Anr. (Suit No. 32 of 2005) at Civil Judge,Dungapur, RajasthanThe Defendant Company wrongly invoked the bank guarantee furnished by Gayatri Projects Limited. Consequently,the Company preferred the subject Suit. The amount involved is Rs. 35.00 lakhs and the matter is pendingadjudication.Filed against Gayatri Projects Ltd.Civil CasesSmt Dasmi Naik vs. Gayatri Engineering Co. (Misc, Appeal No. 583/1994) at High Court of Orissa.The Petitioner (Smt. Dasmi Naik) alleged that on 23.10.1992 she was injured in a dynamite blast while working under GayatriProjects Limited and prayed for compensation of Rs. 0.76 Lakhs. However, Gayatri Projects Limited denied the contentionof Petitioner. The Deputy Commissioner appreciated the contention of Gayatri Projects Limited and rejected the claim of thePetitioner. Consequently, the Petitioner approached the High Court of Orissa and the matter is pending for final arguments.Ongolo Municipality vs.Gayatri Joint Venture (O.S. No.33/2003) at District Judge, OngoluThe plaintiff (Ongolo Municipality) preferred a suit in May, 2003, for permanent injunction restraining the defendant (GayatriProjects Limited) from excavating earth, damaging the pipeline for widening the NH-5 road from Ongole to Chilakaluripet inthe State of Andhra Pradesh .No amount is involved in this case.Vanaparthy Anath Vijay Kumar vs. Gayatri Projects Limited (O.S. No.415/2003) at2nd Sr. C.J, City Civil Court,HyderabadThe Plaintiff (Vanaparthy Anath Vijay Kumar) was an employee of Gayatri Projects Limited, who failed to perform his duties.Consequently, the Company terminated his services, during the probationary period. However, the plaintiff alleged that he149