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    Coercive tax recovery stayed pending appeal after corrected Form-3CD figures and expeditious appellate disposal
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      Companies Law

      Territorial jurisdiction in export contract suits may arise...

      Territorial jurisdiction follows contractual performance, while expired letters of credit do not extinguish underlying export-sale obligations.

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      Companies LawJuly 30, 2026Case LawsHC
      Territorial jurisdiction in export contract suits may arise where orders are accepted, goods are dispatched to a carrier, and payment is arranged through a bank, as these acts can constitute part performance and delivery to the buyer. Expiry of letters of credit does not by itself terminate the underlying sale contract where parties continue performance and sale proceeds are received. An unregistered partnership firm is barred from enforcing contractual rights through a counterclaim. A clearing and forwarding agent or letter-of-credit opening bank is not liable without evidence beyond its documentary or export-related role. Proven export expenses incurred on the seller's behalf may be reimbursed by reducing the money decree despite the counterclaim bar.

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      ActsIncome Tax