Standard Chartered Bank vs Andhra Bank Financial Services Ltd on 28 August, 2015
stated in
brief hereunder:
2. The National Power Corporation Limited (hereinafter
“NPCL”) issued bonds of two series in December, 1991.
These were ... taxable bonds.
On 26.02.1992, the said bonds were allotted by NPCL to
the Andhra Bank Financial Services Limited (hereinafter
“ABFSL”), respondent no. 1 herein