https://www.taxtmi.com/caselaws?id=795971 Expiry of letters of credit does not by itself extinguish a subsisting sale contract where purchase orders and subsequent conduct show continued performance. The notes state that dispatch and payment-related acts at Kandla supported territorial jurisdiction, notwithstanding later airlifting arrangements from Bombay. They also describe liability for unpaid consignments where foreign-buyer payments were received but not remitted to the supplier. A counterclaim enforcing contractual rights by an unregistered partnership firm is described as barred under the Indian Partnership Act. The clearing agent and bank were treated as not independently liable on the available evidence, while proven export-related expenses were set off against the contractual claim. 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 letters of credit does not by itself extinguish a subsisting sale contract where purchase orders and subsequent conduct show continued performance. The notes state that dispatch and payment-related acts at Kandla supported territorial jurisdiction, notwithstanding later airlifting arrangements from Bombay. They also describe liability for unpaid consignments where foreign-buyer payments were received but not remitted to the supplier. A counterclaim enforcing contractual rights by an unregistered partnership firm is described as barred under the Indian Partnership Act. The clearing agent and bank were treated as not independently liable on the available evidence, while proven export-related expenses were set off against the contractual claim. Case-Laws Companies Law Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795971