https://www.taxtmi.com/caselaws?id=220399 The High Court upheld the learned single Judge's decision, dismissing the appeal with costs. The Court found that the appellant failed to establish a prima facie case of fraud, irretrievable injustice, or special equities. The Counter Guarantee was deemed unconditional and irrevocable, and the respondents were entitled to invoke it. The Court emphasized the well-settled legal position that injunctions against the encashment of Bank Guarantees should be granted only in exceptional circumstances involving egregious fraud or irretrievable harm. en-us Wed, 21 Nov 2012 00:00:00 +0530 Sat, 19 Jan 2013 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220399 The High Court upheld the learned single Judge's decision, dismissing the appeal with costs. The Court found that the appellant failed to establish a prima facie case of fraud, irretrievable injustice, or special equities. The Counter Guarantee was deemed unconditional and irrevocable, and the respondents were entitled to invoke it. The Court emphasized the well-settled legal position that injunctions against the encashment of Bank Guarantees should be granted only in exceptional circumstances involving egregious fraud or irretrievable harm. Case-Laws Companies Law Wed, 21 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220399