Bank Guarantees are separate contracts not bound any other contractual relations between parties
Delhi High Court: A Division Bench comprising of Ravindra Bhat and A.K. Chawla, JJ., dismissed a First Appeal against an order declining
Bank Guarantee
1997 Amendment to Section 28 of Contract Act, 1872 applicable prospectively
Supreme Court: Dealing with an interesting question as to the retrospective applicability of the 1997 Amendment to Section 28 of the Contract
Invocation of bank guarantee can be restrained only if there is existence of fraud, irretrievable injury/injustice or special equities
Delhi High Court: While deciding a crucial matter relating to work contracts and bank guarantee the Division Bench comprising of Sanjeev Sachdeva