The Andhra Pradesh High Court on Wednesday quashed a petition filed against the chairman of Vedanta Aluminium Limited and eight others by Maytas Infra.

Maytas a few months ago had filed a petition in a criminal court alleging that Vedanta had invoked its bank guarantees. The court, in turn, asked the local police to register a case against Vedanta chairman Anil Agarwal and eight others.

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In November 2007, an agreement was reached between Vedanta and Maytas Infra for constructing a township near the former’s plant at Jharsiguda in Orissa. Under the agreement, Maytas Infra had to construct the township at a cost of Rs 232 crore in a specified period. Maytas Infra furnished two bank guarantees worth Rs 46 crore as part of the agreement. Later, citing non-compliance to the provisions of the agreement, Vedanta invoked the bank guarantee.

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