https://www.taxtmi.com/caselaws?id=795971 Expiry of a letter of credit does not terminate an independently subsisting sale contract where purchase orders and subsequent performance establish continuing contractual obligations. Delivery to a carrier at the place of dispatch may constitute delivery to the buyer under the Sale of Goods Act, supporting territorial jurisdiction where the contract was accepted, goods dispatched, and payment receivable. An unregistered partnership firm cannot enforce contractual rights through a counterclaim because the statutory bar extends to set-off and related proceedings. Proven airfreight, demurrage, goods-related, and clearing expenses may be reimbursed and set off against the contractual amount, while liability of a bank or clearing agent requires an independent evidentiary basis. en-us Fri, 17 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795971 Expiry of a letter of credit does not terminate an independently subsisting sale contract where purchase orders and subsequent performance establish continuing contractual obligations. Delivery to a carrier at the place of dispatch may constitute delivery to the buyer under the Sale of Goods Act, supporting territorial jurisdiction where the contract was accepted, goods dispatched, and payment receivable. An unregistered partnership firm cannot enforce contractual rights through a counterclaim because the statutory bar extends to set-off and related proceedings. Proven airfreight, demurrage, goods-related, and clearing expenses may be reimbursed and set off against the contractual amount, while liability of a bank or clearing agent requires an independent evidentiary basis. Case-Laws Companies Law Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795971