State Bank Of Bikaner And Jaipur [SBBJ] — regarding non responding to the the claim to encash the bank guarantee no. 1003216bg0000023 dated: - 15/02/2016

Dear sir,

This has reference to the above referred bank guarantee no. 1003216bg0000022 & 1003216bg0000023 dated: - 15/02/2016 both amounting to rs. 519073.00 issued by state bank of bikaner & jaipur, sms highway branch jaipur in favour of gujarat state electricity corporation limited (Gsecl) wanakbori thermal power station on behalf of m/s national engineering industries limited, khatipura road, jaipur towards security deposit & performance guarantee. Since, the supplier m/s national engineering industries limited failed to perform the contract, we have lodged the claim to encash the guarantees before the issuing bank through our letter dated:- 22/03/2018 and also submitted original bank guarantee to them ontime. However, no response is yet received from the bank. This will create distrust for your bank. Hence please take suitable actions and direct the issuing branch to take immediate actions.

Regards,

Controller of accounts, gsecl wtps.