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Bombay High Court: IATA Can Encash Bank Guarantees Provided by Cox & Kings - (25 Jul 2019)

BANKING

Bombay High Court has approved International Air Transport Association (IATA) to encash bank guarantees provided by tour operator Cox & Kings.The Court vacated its interim stay on invocation of bank guarantee after the tour operator withdrew its commercial arbitration petition challenging IATA’s action.

Tags : BOMBAY HIGH COURT   COX & KINGS  

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