revision petitioner/plaintiff are that once
the GPA is mentioned as irrevocable from the contents the
cancellation is unsustainable and said unilateral cancellation ... Trust and
Educational Charitable Society represented by its Chairman
Vs. Ponniamman Educational Trust represented by its Chair
Person held as to when GPA is irrevocable
Gujarat Maritime Board2).
The commercial purpose, for which the system of confirmed
irrevocable documentary credit has been developed in international
trade, is to give ... Courts will
not interfere, directly or indirectly, to withhold payment for,
otherwise, trust in commerce, internal and international, would be
irreparably damaged. ( State of Maharashtra
Gujarat Maritime Board2).
The commercial purpose, for which the system of confirmed
irrevocable documentary credit has been developed in international
trade, is to give ... Courts will
not interfere, directly or indirectly, to withhold payment for,
otherwise, trust in commerce, internal and international, would be
irreparably damaged. ( State of Maharashtra
banks must be honoured free from interference by the
Courts. Otherwise, trust in commerce, internal and international, would
be irreparably damaged. It is only ... Honble Supreme Court held that if the documentary
credits are irrevocable and independent, the bank must pay when
demand is made. Accordingly opined that
M/Slanco Infratech Limited And Another vs Power Finance Corporation, New Delhi ... on 7 August
A.Thaherunnisa Begum (Died) And Others vs A.Khader Baig (Died) And Others on 27
