https://www.taxtmi.com/caselaws?id=309411 The Supreme Court allowed the appeal, setting aside the High Court's judgment and order. The Court emphasized that the Bank must honor its commitment under the bank guarantee independently of the underlying contract terms, barring any fraud or special equities. The appeal was allowed with costs, and the Special Leave Petition was dismissed accordingly. en-us Wed, 07 Aug 1991 00:00:00 +0530 Fri, 01 Sep 2023 12:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309411 The Supreme Court allowed the appeal, setting aside the High Court's judgment and order. The Court emphasized that the Bank must honor its commitment under the bank guarantee independently of the underlying contract terms, barring any fraud or special equities. The appeal was allowed with costs, and the Special Leave Petition was dismissed accordingly. Case-Laws Indian Laws Wed, 07 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309411