https://www.taxtmi.com/caselaws?id=184744 The Supreme Court allowed the appeal, setting aside the injunction granted by the High Court. The Court directed that the appellant is entitled to withdraw the amount deposited in the Registry, with interest. The Court awarded costs of Rs. 20,000 to be paid by the respondent to the appellant. The judgment reaffirmed the principle that bank guarantees must be honored and that courts should interfere only in exceptional cases involving clear evidence of fraud or irretrievable injustice. en-us Wed, 14 Sep 1994 00:00:00 +0530 Tue, 19 Jul 2016 11:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184744 The Supreme Court allowed the appeal, setting aside the injunction granted by the High Court. The Court directed that the appellant is entitled to withdraw the amount deposited in the Registry, with interest. The Court awarded costs of Rs. 20,000 to be paid by the respondent to the appellant. The judgment reaffirmed the principle that bank guarantees must be honored and that courts should interfere only in exceptional cases involving clear evidence of fraud or irretrievable injustice. Case-Laws Indian Laws Wed, 14 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184744