Black Gold Resources Private, Limitada vs International Coal Ventures Pvt. Ltd. & ...

ik-59984494 Delhi High Court 17 December 2025 • 39 min read

Judges (1)

Jasmeet Singh Delivered

Counsel (8)

Arpit Goel Counsel Petitioner Deepak Jain Counsel Petitioner Madhur Jain Counsel Petitioner Mayank Jain Counsel Petitioner Rajiv Nayar Counsel Petitioner Saurabh Seth Counsel Petitioner Saurav Agrawal Counsel Petitioner Shaiwal Srivastava Counsel Respondent

Parties (2)

Black Gold Resources Private Limitada Petitioner International Coal Ventures Pvt. Ltd. Respondent

Case Significance

Black Gold Resources Private, Limitada vs International Coal Ventures Pvt. Lt... is a Delhi High Court decision dated December 17, 2025 (citation: ik-59984494). Black Gold Resources filed a Section 9 Arbitration Act petition seeking to stay the termination of a coal mine contract dated 2 November 2017 and restrain the respondents from invoking a Performance Bank Guarantee (PBG). The court found that the petitioner itself had expressed inability to continue with the contract through letters and had failed to establish irretrievable harm from the PBG invocation. The petition was dismissed, the interim order dated 6 March 2025 was vacated, and the court The case was heard by Justice Jasmeet Singh.

Summary

Black Gold Resources filed a Section 9 Arbitration Act petition seeking to stay the termination of a coal mine contract dated 2 November 2017 and restrain the respondents from invoking a Performance Bank Guarantee (PBG). The court found that the petitioner itself had expressed inability to continue with the contract through letters and had failed to establish irretrievable harm from the PBG invocation. The petition was dismissed, the interim order dated 6 March 2025 was vacated, and the court held the issues raised were entirely arbitrable in nature.

What was the outcome of Black Gold Resources Private, Limitada vs International Coal Ventures Pvt. Lt...?

Black Gold Resources filed a Section 9 Arbitration Act petition seeking to stay the termination of a coal mine contract dated 2 November 2017 and restrain the respondents from invoking a Performance B...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-59984494)