Supreme Court Upholds Bank Guarantee Invocation in Favor of Heavy Engineering Corporation Ltd. in Civil Dispute (18 December 2019)

/ Ajay Rastogi, Bank Guarantee, Banking Law, Banking Law with Injunction, Breach of contract, Contract Law, Contract Law with Bank Guarantee, Judges, L. Nageswara Rao

Supreme Court Upholds Bank Guarantee Invocation in Favor of Heavy Engineering Corporation Ltd. Date of the Judgment: 18 December 2019 Citation: Civil Appeal No(s).9288 of 2019 (Arising out of SLP(Civil) No(s). 23430 of 2019) Judges: L. Nageswara Rao, J., Ajay Rastogi, J. (Concurring Opinion) Can a bank refuse to honor a guarantee if the beneficiary […]

Supreme Court Upholds Bank Guarantee Invocation in Favor of Heavy Engineering Corporation Ltd. in Civil Dispute (18 December 2019) Read Post »