https://www.taxtmi.com/caselaws?id=168284 The court dismissed the appeal, affirming that the bank guarantee, as amended, was unconditional and must be honored by the bank upon demand. Allegations of fraud and claims of irretrievable injury were found insufficiently supported. The decision emphasized principles governing bank guarantee invocation and limited grounds for enforcement restraint. The order had no impact on the pending case before the Arbitral Tribunal, with no costs awarded. en-us Fri, 02 Nov 2007 00:00:00 +0530 Mon, 09 Nov 2015 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168284 The court dismissed the appeal, affirming that the bank guarantee, as amended, was unconditional and must be honored by the bank upon demand. Allegations of fraud and claims of irretrievable injury were found insufficiently supported. The decision emphasized principles governing bank guarantee invocation and limited grounds for enforcement restraint. The order had no impact on the pending case before the Arbitral Tribunal, with no costs awarded. Case-Laws Indian Laws Fri, 02 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168284