Unconditionally Bound: Decoding the Law of Bank Guarantees in India
by Vasanth Rajasekaran* and Harshvardhan Korada**
unconditional bank guarantee
Arbitral awards carry increased credence when a detailed pre-arbitral process has already been contracted: Bombay High Court
“The Mumbai Metro Rail Corporation Limited entered into a contract, entailing the design and construction of specific stations and tunnels in the Mumbai Metro Rail Project, the bid for which was made by L&T-STEC JV Mumbai before the introduction of Goods and Services Tax.”