https://www.taxtmi.com/caselaws?id=44793 The Court dismissed the Writ Petitions seeking relief against the respondents for the release of a Bank Guarantee and to prevent its enforcement. The Court emphasized the unconditional nature of the guarantee and the limited jurisdiction under Article 226, stating that unless fraud or irreparable harm is proven, the beneficiary is entitled to enforce the guarantee without interference. Finding no fraud or irretrievable injury in this case, the Court held that the Bank was obligated to honor the guarantee upon demand, rejecting arguments of illegal seizure by Customs Authorities and violation of natural justice. The Writ Petitions were dismissed without notice to the respondents. en-us Thu, 14 Aug 1997 00:00:00 +0530 Sat, 03 Jul 2010 17:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44793 The Court dismissed the Writ Petitions seeking relief against the respondents for the release of a Bank Guarantee and to prevent its enforcement. The Court emphasized the unconditional nature of the guarantee and the limited jurisdiction under Article 226, stating that unless fraud or irreparable harm is proven, the beneficiary is entitled to enforce the guarantee without interference. Finding no fraud or irretrievable injury in this case, the Court held that the Bank was obligated to honor the guarantee upon demand, rejecting arguments of illegal seizure by Customs Authorities and violation of natural justice. The Writ Petitions were dismissed without notice to the respondents. Case-Laws Customs Thu, 14 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44793