https://www.taxtmi.com/caselaws?id=105996 The court dismissed the writ application challenging the notice of invocation of a bank guarantee, emphasizing the guarantee's unconditional nature and the lack of fraud or special equity pleaded by the petitioner. The court held that the bank guarantee was an independent contract, separate from the underlying agreement, and allowed the bank to enforce it without interference. Consequently, the court found no justification for restraining the bank from invoking the guarantee and ruled in favor of the respondent. en-us Tue, 14 Mar 2000 00:00:00 +0530 Mon, 12 Mar 2012 12:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105996 The court dismissed the writ application challenging the notice of invocation of a bank guarantee, emphasizing the guarantee's unconditional nature and the lack of fraud or special equity pleaded by the petitioner. The court held that the bank guarantee was an independent contract, separate from the underlying agreement, and allowed the bank to enforce it without interference. Consequently, the court found no justification for restraining the bank from invoking the guarantee and ruled in favor of the respondent. Case-Laws Companies Law Tue, 14 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105996