https://www.taxtmi.com/caselaws?id=301314 An unconditional bank guarantee securing mobilization advance may be invoked despite disputes over permissions, work fronts, or recovery of the advance, because judicial interference is confined to established egregious fraud or irretrievable injustice; on that basis, restraint on the mobilization bank guarantee was refused. A performance bank guarantee may, however, be temporarily restrained where the beneficiary agrees not to press invocation until the contractor can approach the arbitral tribunal, preserving the contractor's opportunity to seek interim relief; limited interim protection was therefore granted for that purpose. en-us Tue, 27 Sep 2016 00:00:00 +0530 Sat, 26 Mar 2022 08:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301314 An unconditional bank guarantee securing mobilization advance may be invoked despite disputes over permissions, work fronts, or recovery of the advance, because judicial interference is confined to established egregious fraud or irretrievable injustice; on that basis, restraint on the mobilization bank guarantee was refused. A performance bank guarantee may, however, be temporarily restrained where the beneficiary agrees not to press invocation until the contractor can approach the arbitral tribunal, preserving the contractor's opportunity to seek interim relief; limited interim protection was therefore granted for that purpose. Case-Laws Indian Laws Tue, 27 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301314