https://www.taxtmi.com/caselaws?id=197777 The Supreme Court allowed the appeals, setting aside the High Court's judgment and revoking the unconditional leave granted to the Respondent-Banks to defend the suits. The Court reaffirmed the principles governing Letters of Credit and the obligations under UCP 500, emphasizing the importance of trust and adherence to international commercial practices. en-us Wed, 10 May 2006 00:00:00 +0530 Mon, 15 Jan 2018 17:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197777 The Supreme Court allowed the appeals, setting aside the High Court's judgment and revoking the unconditional leave granted to the Respondent-Banks to defend the suits. The Court reaffirmed the principles governing Letters of Credit and the obligations under UCP 500, emphasizing the importance of trust and adherence to international commercial practices. Case-Laws Companies Law Wed, 10 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197777