PSP Projects Faces Setback as Performance Bank Guarantees Encashed

MT Newswires Live

2025/01/22

PSP Projects (NSE:PSPPROJECT, BOM:540544) said 80.2 million in performance bank guarantees was encashed by the superintendent engineer, Bareilly, despite ongoing litigation regarding the termination of a construction contract for a residential building in Uttar Pradesh, India, according to a filing with the Indian bourses on Tuesday.

The hearing, scheduled on Monday, was adjourned as the respondents' advocates requested more time to submit their response.

The company, disputing the termination of a construction contract for the residential building argued the encashment violates "principles of natural justice".

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2505716186"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2505716186\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2505716186?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-22 17:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2505716186","market":"sg","top_or_hot":-1,"title":"PSP Projects Faces Setback as Performance Bank Guarantees Encashed","media":"MT Newswires Live","content":"<html><body><p> PSP Projects (NSE:PSPPROJECT, BOM:540544) said 80.2 million in performance bank guarantees was encashed by the superintendent engineer, Bareilly, despite ongoing litigation regarding the termination of a construction contract for a residential building in Uttar Pradesh, India, according to a filing with the Indian bourses on Tuesday.</p><p>The hearing, scheduled on Monday, was adjourned as the respondents' advocates requested more time to submit their response.</p><p>The company, disputing the termination of a construction contract for the residential building argued the encashment violates \"principles of natural justice\".</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PSP Projects Faces Setback as Performance Bank Guarantees Encashed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPSP Projects Faces Setback as Performance Bank Guarantees Encashed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-22 17:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> PSP Projects (NSE:PSPPROJECT, BOM:540544) said 80.2 million in performance bank guarantees was encashed by the superintendent engineer, Bareilly, despite ongoing litigation regarding the termination of a construction contract for a residential building in Uttar Pradesh, India, according to a filing with the Indian bourses on Tuesday.</p><p>The hearing, scheduled on Monday, was adjourned as the respondents' advocates requested more time to submit their response.</p><p>The company, disputing the termination of a construction contract for the residential building argued the encashment violates \"principles of natural justice\".</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSP","symbol_name":"全球私募股权ETFETF-PowerShares","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2505716186","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505716186","pubTimestamp":1737539521,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"PSP Projects  said 80.2 million in performance bank guarantees was encashed by the superintendent engineer, Bareilly, despite ongoing litigation regarding the termination of a construction contract for a residential building in Uttar Pradesh, India, according to a filing with the Indian bourses on Tuesday.The hearing, scheduled on Monday, was adjourned as the respondents' advocates requested more time to submit their response.The company, disputing the termination of a construction contract for the residential building argued the encashment violates \"principles of natural justice\".","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PSP":"全球私募股权ETFETF-PowerShares"},"translate_title":"PSP项目因履约银行担保兑现而面临挫折","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSP":1},"content_text":"PSP Projects (NSE:PSPPROJECT, BOM:540544) said 80.2 million in performance bank guarantees was encashed by the superintendent engineer, Bareilly, despite ongoing litigation regarding the termination of a construction contract for a residential building in Uttar Pradesh, India, according to a filing with the Indian bourses on Tuesday.The hearing, scheduled on Monday, was adjourned as the respondents' advocates requested more time to submit their response.The company, disputing the termination of a construction contract for the residential building argued the encashment violates \"principles of natural justice\".","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}