(1.) In the captioned interlocutory application filed on behalf of the plaintiff i.e. Zee Entertainment Enterprises Limited [hereafter referred to as 'Zee'], essentially, the following directions are sought:
(2.) As is evident from a perusal of the prayers, Zee has filed the instant action to restrain the Bank from invoking the DSRA Guarantee Agreement. Therefore, what is pivotal to the decision in the present interlocutory application is: whether or not the demand raised by the Bank vide notice dated 01.10.2020 is as per the terms of the DSRA Guarantee Agreement?
(3.) Given the aforesaid preface, it would be helpful if the circumstances which have led to the institution of the present action are broadly set forth hereafter.