https://www.taxtmi.com/caselaws?id=304496 The Supreme Court set aside the interim orders restraining the invocation of the bank guarantees, directing the State Bank of Mysore to honor them. The court emphasized the clear and unconditional nature of the guarantees, stating that injunctions can only be granted in cases of proven fraud or irretrievable injury. The judgment highlights the independence of bank guarantees from contractual disputes and the stringent requirements for alleging fraud or irretrievable injury. en-us Wed, 02 Dec 2015 00:00:00 +0530 Wed, 28 Sep 2022 20:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304496 The Supreme Court set aside the interim orders restraining the invocation of the bank guarantees, directing the State Bank of Mysore to honor them. The court emphasized the clear and unconditional nature of the guarantees, stating that injunctions can only be granted in cases of proven fraud or irretrievable injury. The judgment highlights the independence of bank guarantees from contractual disputes and the stringent requirements for alleging fraud or irretrievable injury. Case-Laws Indian Laws Wed, 02 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304496