Contract Act, when any property is shown as security under
the guarantee term, that can be retained or detained by the
financial institution. The appellants ... security under the
guarantee term. The complainant has given a personal
guarantee and not the special or specific guarantee in the
loan agreement of Jitendrakumar
guarantee. The person
in whose favour the guarantee is furnished by the bank cannot
be prevented by way of an injunction from enforcing the
guarantee ... 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
into two types; a
conditional bank guarantee and an unconditional bank
guarantee. For invoking a conditional bank guarantee, it is
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SRSJ ... such a guarantee are met and only then the guarantee can be
encashed. For invocation of unconditional guarantee, no
specific conditions are required
recall notice, a statement of
account and a deed of guarantee, with the specific allegation that the
deed of guarantee was signed by the petitioner
said provision, it has
been noted that specific enumeration about 'corporate
guarantee' was not available for which legislative intent is
unarguable. For better ... amplifies 'other
financial services' with specific enumeration without
including 'corporate guarantee' therein. The legislative
intent to exclude 'corporate guarantees
contract which spread over years,
the service provider needs to have specific performance guarantee
from their customer. The assessee in turn of such security amount
company does not have any personal liability
unless there is any specific indemnity / guarantee of the director pleaded
and proved by plaintiff. In this regard
company does not have any personal liability
unless there is any specific indemnity / guarantee of the director pleaded and
proved by plaintiff. One place reliance
notice dated 27.09.2019, where the
Assessing Officer has called for specific explanation on the
issue of claim of any other amount allowable as deduction ... assessee and bankers, there is a specific clause for not
charging any kind of commission for providing guarantee and
because of this, the assessee
guarantee, are immaterial and of no consequence. Enforcement of the
guarantee cannot be injuncted on the pretext that the condition for
enforcing the bank guarantee ... paras illustrate, lucidly, the distinction between a conditional
bank guarantee and an unconditional bank guarantee. The judgment
in Vinitec Electronics makes it abundantly clear that
