https://www.taxtmi.com/caselaws?id=168286 The court granted the plaintiff's motion for a preliminary injunction, enjoining First National Bank of Boston (FNBB) from honoring any demands for payment on the letters of credit issued in favor of Bank Melli Iran. The court found the letters of credit null and void due to non-conforming demands, expiration dates, and fraud in the transaction. It determined that Itek Corporation would suffer irreparable harm without the injunction, had a likelihood of success on the merits, and that the balance of injury and public interest favored granting the injunction. en-us Tue, 28 Jun 1983 00:00:00 +0530 Fri, 13 Feb 2015 18:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168286 The court granted the plaintiff's motion for a preliminary injunction, enjoining First National Bank of Boston (FNBB) from honoring any demands for payment on the letters of credit issued in favor of Bank Melli Iran. The court found the letters of credit null and void due to non-conforming demands, expiration dates, and fraud in the transaction. It determined that Itek Corporation would suffer irreparable harm without the injunction, had a likelihood of success on the merits, and that the balance of injury and public interest favored granting the injunction. Case-Laws Indian Laws Tue, 28 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168286