https://www.taxtmi.com/caselaws?id=101121 The court found the contract valid and enforceable in a dispute over a bank guarantee for supply obligations. The petitioner's argument of contract invalidity under specific laws was rejected. The court emphasized the Government company's right to invoke the bank guarantee due to the petitioner's breach, vacating the interim order and directing payment to the Government company. This case clarifies the importance of honoring contractual obligations and upholding bank guarantee enforcement in commercial contracts, emphasizing adherence to contract terms and consequences of breach. en-us Tue, 29 May 1984 00:00:00 +0530 Wed, 08 Feb 2012 17:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101121 The court found the contract valid and enforceable in a dispute over a bank guarantee for supply obligations. The petitioner's argument of contract invalidity under specific laws was rejected. The court emphasized the Government company's right to invoke the bank guarantee due to the petitioner's breach, vacating the interim order and directing payment to the Government company. This case clarifies the importance of honoring contractual obligations and upholding bank guarantee enforcement in commercial contracts, emphasizing adherence to contract terms and consequences of breach. Case-Laws Companies Law Tue, 29 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101121