https://www.taxtmi.com/caselaws?id=300443 The Supreme Court allowed the appeal, setting aside the High Court's judgment that restrained the appellant from invoking an unconditional bank guarantee. The Court emphasized the independence of bank guarantees, highlighting that the High Court erred in interfering with the contractual arrangement between the parties. The decision underscored the limited scope of judicial intervention in the invocation of unconditional bank guarantees and reiterated the stringent criteria required for granting an injunction against their enforcement. en-us Wed, 28 Sep 2016 00:00:00 +0530 Tue, 27 Sep 2022 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300443 The Supreme Court allowed the appeal, setting aside the High Court's judgment that restrained the appellant from invoking an unconditional bank guarantee. The Court emphasized the independence of bank guarantees, highlighting that the High Court erred in interfering with the contractual arrangement between the parties. The decision underscored the limited scope of judicial intervention in the invocation of unconditional bank guarantees and reiterated the stringent criteria required for granting an injunction against their enforcement. Case-Laws Indian Laws Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300443