This judgment is about the Delhi High Court dismissing DDA's appeal and upholding the Single Judge's modification of an arbitral award, holding that the interest accrued on an FDR created from an encashed performance bank guarantee must be released to the contractor when DDA was held not entitled to invoke the bank guarantee.

Case Snapshot

• Case Name: Delhi Development Authority v. Jaksons Developers (P) Ltd.

• Citation / Neutral Citation: FAO(OS) (COMM) 192/2026; 2026:DHC:9957-DB

• High Court: High Court of Delhi at New Delhi

• Bench: Hon’ble Mr. Justice Dinesh Mehta and Hon’ble Dr. Justice Aditi Choudhary

• Date of Judgment: 06.11.2026

• Area of Law: Arbitration & Conciliation Act, 1996 — Sections 31(7) and 34; Section 37 Appeal; Performance Bank Guarantee

Judgment Headline

Delhi High Court Upholds Release of FDR Interest to Contractor After DDA Wrongly Invoked Bank Guarantee

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