https://www.taxtmi.com/caselaws?id=389960 The Supreme Court affirmed the High Court of Calcutta's decision that the bank guarantees were validly invoked, directing the release of the fixed deposit amount to the first respondent. The appellant bank was instructed to settle the decree, emphasizing the importance of honoring unconditional bank guarantees for the smooth functioning of commercial transactions. en-us Wed, 18 Dec 2019 00:00:00 +0530 Fri, 20 Dec 2019 10:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389960 The Supreme Court affirmed the High Court of Calcutta's decision that the bank guarantees were validly invoked, directing the release of the fixed deposit amount to the first respondent. The appellant bank was instructed to settle the decree, emphasizing the importance of honoring unconditional bank guarantees for the smooth functioning of commercial transactions. Case-Laws Indian Laws Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389960