https://www.taxtmi.com/highlights?id=69273 Coercion and economic duress - The Respondent’s claim fits in the description of an attempt to initiate “ex facie meritless, frivolous and dishonest litigation” - There were no allegations of coercion or economic duress compelling SPML to withdraw any pending claims under the subject contract as a condition for the return of the Bank Guarantees. - High Court has committed an error in allowing the application under Section 11(6) of the Act. High Court ought to have examined the issue of the final settlement of disputes. - SC en-us Tue, 18 Apr 2023 11:31:57 +0530 Tue, 18 Apr 2023 11:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69273 Coercion and economic duress - The Respondent’s claim fits in the description of an attempt to initiate “ex facie meritless, frivolous and dishonest litigation” - There were no allegations of coercion or economic duress compelling SPML to withdraw any pending claims under the subject contract as a condition for the return of the Bank Guarantees. - High Court has committed an error in allowing the application under Section 11(6) of the Act. High Court ought to have examined the issue of the final settlement of disputes. - SC Highlights Indian Laws Tue, 18 Apr 2023 11:31:57 +0530 https://www.taxtmi.com/highlights?id=69273