learned Chamber Judge also took note of the
fact that the guarantee shall continue in force notwithstanding the
discharge of the principal by operation ... required to be brought on
record in view of the specific guarantee given by the defendant No.4
for the financial assistance granted
term loan of Rs. 1,10,000/-, (ii) specific
deferred payment guarantee limit under I.D.B.I. Rediscounting Scheme to the tune ... limit of Rupees 1,10,000/- only and to scure specific deferred payment guarantee limit under Industrial Development Bank of India Rediscounting Scheme
main loan agreement is also referred to in the guarantee bond which was executed by the State Government with which a draft of supplementary loan ... Bank guarantee which was passed on 5th January, 1984 in the background of these two agreements, sanction a Government guarantee with specific reference
part of the petitioners to furnish enhanced Bank Guarantee or Performance Bank Guarantee at the rate of Rs. 7.5 lakhs per MW of contract capacity ... require the successful bidder to produce the Enhanced Bank Guarantee within any specific time-limit except stating that "the successful bidder shall enhance
Learned
counsel for the appellant would contend that Bank guarantee was given
for the specific MOU dated 13.4.2005. He submitted that SEIPL had
entered into ... basis of the said document Bank
Guarantee was given with the specific condition that the Bank
Guarantee for margin money can be encashed only
demand in whose favour Bank Guarantee is issued,
entitled to encash / invoke the Bank Guarantee unless there are
specific averments and allegations of fraud ... encashing the bank guarantee. The mere
fact that the bank guarantee refers to the
principal agreement without referring to any
specific clause in the preamble
decided by it at prima facie stage for granting interim measures like specific performance or attachment sought by the appellant. The Court also held that ... performance test run became redundant. It was further argued that the bank guarantee of Rs. 13 crores was invoked by the appellant, as against
appointed from persons holding specific qualifications and having adequate knowledge and experience. The provisos to Rule 8 gives a reasonable guarantee about the adequacy
Ravi Industries Through Authorised ... vs Gujarat Rural Industries Marketing ... on 8 July, 2019
Equivalent citations
hold that in a case of a continuing guarantee so long as the guarantee has not been withdrawn or so long as the guarantors have ... also required to be repelled in view of the specific terms and conditions incorporated in guarantee agreement Exh. 69. In the case, which is relied
