Asstt. Excise Commissioner vs Issac Peter on 22 February, 1994
Insofar as the judgment in the case of ISSAC PETER
(supra) relied upon by the learned counsel for the respondents is
concerned, observations in the said case which have already been
extracted above, would not apply to the facts of the present case. We
are, therefore, of the opinion that had it been some other contract or a
new contract, the request of the petitioner to furnish this bank
guarantee could not have been entertained. The position is ,however,
entirely different.