Vishnu Prakash R Punglia Receives Court Judgement on Bikaner Railway Project

Vishnu Prakash R Punglia Limited (VPRPL) has received a full judgement from the High Court of Judicature for Rajasthan regarding the Bikaner Railway Station Project. The JV, VPRPL-KSIPL BKN JV, was granted liberty to pursue its remedy before a competent forum. The court has maintained status quo for 30 days and stayed the encashment of the bank guarantee for 45 days from the pronouncement date (August 17, 2026). VPRPL plans to file a petition before the competent forum. The judgement impacts the potential forfeiture of performance guarantees and the decision on a new NIT.