https://www.taxtmi.com/caselaws?id=461277 At the Section 17 stage, factual and contractual disputes cannot justify restraining or undoing encashment of unconditional bank guarantees unless fraud, special equities or irretrievable injustice is shown, so the encashment and refusal to revive the guarantees were not interfered with. The force majeure plea based on the COVID-19 lockdown also failed because performance was not shown to have been prevented; the operations continued during the lockdown and fell within exempted transport and cargo activities, making the claim a factual issue already examined and unsuitable for interlocutory relief. The underlying disputes on variable fee escalation and minimum guaranteed throughput were left for arbitration on merits. en-us Wed, 24 Nov 2021 00:00:00 +0530 Wed, 26 Mar 2025 15:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461277 At the Section 17 stage, factual and contractual disputes cannot justify restraining or undoing encashment of unconditional bank guarantees unless fraud, special equities or irretrievable injustice is shown, so the encashment and refusal to revive the guarantees were not interfered with. The force majeure plea based on the COVID-19 lockdown also failed because performance was not shown to have been prevented; the operations continued during the lockdown and fell within exempted transport and cargo activities, making the claim a factual issue already examined and unsuitable for interlocutory relief. The underlying disputes on variable fee escalation and minimum guaranteed throughput were left for arbitration on merits. Case-Laws Indian Laws Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461277