guarantee may be for due performance of the obligations, but the
performance guarantee is in the form of a Bank Guarantee. The bank
guarantee being ... guarantee was furnished. The terms of the bank guarantee are,
therefore, extremely material. Since the bank guarantee
represents an independent contract between the bank
guarantee was furnished. The terms of the bank guarantee are, therefore, extremely material. Since the bank guarantee represents an independent contract between the bank ... bank guarantee, the bank cannot have any valid resistance, except of course, in a case of fraud. The bank guarantee furnished by the bank
Vijay Bank has given Bank guarantee in favour of Hindustan Zinc Limited and Hindustan Zinc Limited was likely to get such Bank Guarantee encashed illegally ... Bank Guarantee upto the decision of the suit. He, therefore, virtually directed the Bank not to release the amount of Bank Guarantee till suit
conditions of the Bank Guarantee, the
learned Commercial Court has rightly held the bank
guarantee as unconditional bank guarantee and
thereby has rightly refused ... terms and
conditions of the bank guarantee, the bank guarantee
can be said to be an unconditional, irrevocable bank
guarantee, securing performance of the contract
department has not written anything to
the bank while directing the bank to encash the bank
guarantee, the bank guarantee cannot be invoked ... bank
guarantee issued by the Bank, therefore it cannot be the reason for
directing invocation of bank guarantee and for that reason, the
24
bank
Bank guarantee. If the Bank guarantee is unconditional, then straight way the person in whose favour Bank guarantee has been given, can invoke the Bank ... produced the Bank guarantee before this Court because the Bank guarantee is conditional one and there are such conditions in the Bank guarantee that
Bank Guarantee is an independent
contract between the bank and the beneficiary, and the bank is always
obliged to honour its guarantee as long ... bank guarantee furnished towards the
liquidated damages stipulated in the underlying contract, that such a bank
guarantee cannot be encashed till the respondent
Performance Bank Guarantee ("bank guarantee") of the
Appellant and directed the Appellant to make good the encashed
2
bank guarantee within two weeks ... bank
guarantee. The Appellant was also represented in the said
meeting. The Appellant requested that the bank guarantee
should not be encashed
Nationalized Banks
(b) IDBI Bank
(c) AXIS Bank
(d) HDFC Bank
(e) ICICI Bank
(f) Kotak Mahindra Bank
(g) Yes Bank
There shall ... guarantee was furnished.
The terms of the bank guarantee are,
therefore, extremely material. Since the
bank guarantee represents an independent
contract between the bank
validity of the Bank
Guarantee and the said Bank Guarantee had outlived its
purpose. It is submitted that the Bank Guarantee is sought ... validity of the Bank
Guarantee and the said Bank Guarantee had outlived
its purpose. It is submitted that the Bank Guarantee is
sought
