https://www.taxtmi.com/caselaws?id=300915 The court held that the letter dated 15-9-1999 did not constitute an acceptance of the offer, rendering the contract nonexistent. As the Bank Guarantee was tied to the offer's validity, it ceased to operate after 15-9-1999, preventing the first defendant from invoking it. The court found the Bank Guarantee not to be absolute and unconditional, granting a temporary injunction against its encashment. The motion was allowed, and the defendants were restrained from accessing the Bank Guarantee. en-us Thu, 22 Jun 2000 00:00:00 +0530 Thu, 03 Mar 2022 13:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300915 The court held that the letter dated 15-9-1999 did not constitute an acceptance of the offer, rendering the contract nonexistent. As the Bank Guarantee was tied to the offer's validity, it ceased to operate after 15-9-1999, preventing the first defendant from invoking it. The court found the Bank Guarantee not to be absolute and unconditional, granting a temporary injunction against its encashment. The motion was allowed, and the defendants were restrained from accessing the Bank Guarantee. Case-Laws Indian Laws Thu, 22 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300915