https://www.taxtmi.com/caselaws?id=168723 The Supreme Court allowed the appeal, setting aside the High Court's order and restoring the Civil Judge's order. The Court held that commitments of banks must be honored free from interference by the courts, except in exceptional cases of fraud or irretrievable injustice. The Court emphasized that the respondent could seek damages but could not restrain the appellant from invoking the bank guarantees. Both judges concurred in the judgment, highlighting the importance of maintaining the integrity of bank guarantees in commercial transactions. en-us Thu, 19 Nov 1987 00:00:00 +0530 Thu, 14 May 2015 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168723 The Supreme Court allowed the appeal, setting aside the High Court's order and restoring the Civil Judge's order. The Court held that commitments of banks must be honored free from interference by the courts, except in exceptional cases of fraud or irretrievable injustice. The Court emphasized that the respondent could seek damages but could not restrain the appellant from invoking the bank guarantees. Both judges concurred in the judgment, highlighting the importance of maintaining the integrity of bank guarantees in commercial transactions. Case-Laws Indian Laws Thu, 19 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168723