Unconditionally Bound: Decoding the Law of Bank Guarantees in India
by Vasanth Rajasekaran* and Harshvardhan Korada**
irretrievable injustice
Court cannot interfere with the enforcement of a bank guarantee except cases where fraud or special equity is prima facie made out so as to prevent irretrievable injustice: Delhi High Court
A Single Judge Bench of Chandra Dhari Singh, J. disposed of the petition and restrained from invoking/encashing the bank guarantee.