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The Plaintiff - Iris Computers Ltd. (hereinafter, „Plaintiff‟) has filed the present suit for recovery of Rs.1,05,61,556/- along with interest, pendente lite and future against three defendants - State Bank of India, Canara Bank and Click Telecom Pvt Ltd. The suit was listed on 17th January, 2018, on which date a Ld. Single Judge of this Court decreed the suit qua Defendant No.3 i.e., Click Telecom Pvt. Ltd., who was the consignee of the computers and other hardware supplied by the Plaintiff. Thereafter, the suit was treated as an ordinary suit in respect of Canara Bank and the parties were permitted to file evidence. The Plaintiff filed its affidavit by way of evidence, as also the original documents relied upon by it. For the sake of convenience, the order dated 17th January, 2018 is extracted herein below:

6. The transaction between the Plaintiff - Iris Computers Ltd and Defendant No.3 - Click Telecom Pvt. Ltd. was for supply of computers and peripherals. Click Telecom Pvt. Ltd. had got issued a letter of credit through Canara Bank to safeguard the payment to be made to the Plaintiff. The case of the Plaintiff is that it made supplies to the consignee - Click Telecom Pvt. Ltd. and submitted all the documents to the bank for receiving payment under the letter of credit. However, Canara Bank raised the following discrepancies on 10th July, 2013 [Exhibit PW1/11]:

12. The final condition i.e. certificate by the consignee that the goods were received in good condition, is not a condition in the letter of credit. The letter of credit merely requires the following documents to be submitted:

"DOCUMENTS REQUIRED
1) ONE FULL SET OF ORIGINAL & 3 COPIES OF DELIVERY CHALLANS, SHOWING THE ACTUAL QUANTITY SHIPPED.
2) SIGNED COMMERCIAL INVOICE IN TRIPLICATE ISSUED BY IRIS COMPUTERS LTD.
3) PACKING LIST IN TRIPLICATE.