prima facie case. In order to restrain the operation either
of irrevocable letter of credit or of confirmed letter of
credit or of bank guarantee ... banks must be honoured free from
interference by the courts. Otherwise, trust in commerce
internal and international would be irreparably damaged.
It is only
acts in a fiduciary
capacity. Any act of infidelity or breach of trust is a matter between the
donor and the donee.? An attorney-holder ... revocable or terminable at any time
unless it is made irrevocable in a manner known to law. Even an irrevocable
attorney does not have
exceptional cases that the courts will
interfere with the machinery of irrevocable obligations
assumed by banks. They are the life-blood of
international commerce. Such ... allowed to
be honoured, free from interference by the courts.
Otherwise, trust in international commerce could be
irreparably damaged."
(emphasis supplied
Rakesh Singh And Anr vs Raman Kumar And Ors on 4 August, 2017
Author: Sanjeev
Kewal Singh And Anr vs Raman Kumar And Ors on 4 August, 2017
Author: Sanjeev
Soma Devi vs Raman Kumar And Ors on 4 August, 2017
Author: Sanjeev Kumar
Bench
Jaswant Singh vs Ashwani Gupta on 4 August, 2017
Author: Sanjeev Kumar
Bench: Sanjeev Kumar
Pandian Chemicals Ltd vs Punithavalli on 12 April, 2017
Equivalent citations: AIR 2017 MADRAS 198
Shri.Srinivas vs Sri. Prasanna Kumar on 7 January, 2017
[C.R.P. 67] Govt
Smt. G. Susheela vs Sri. Siddappa on 12 December, 2017
IN THE COURT OF THE
