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Halliburton-Cairn India face-off: Many questions remain answered
May 19: The Delhi Court judgment last month in the case involving Halliburton and Cairn India has brought into sharp relief the question of performance guarantees and force majeure invocation
8While the encashment of bank guarantees of Halliburton by Cairn India has been put on hold, a can of worms -- particularly involving issues of sanctity of a contract -- is expected to open up in this case and in others that are likely to follow in the oil & gas sector on account of the lockdown
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