SC: Consumers Cannot Bear Power Plant Depreciation Costs When No Electricity Was Supplied || Supreme Court: Para-Teachers’ Regularisation Depends On Educational Standards Set By States || Bombay High Court: State Cannot Withhold Aid to Child Homes While Supporting Ladki Bahin Yojana || Delhi High Court: Husband Cannot Seek to Strike off Wife’s Defence over Unpaid Litigation Costs || Calcutta HC: Bank Accounts Cannot Be Frozen Solely on Complaints Filed Via MHA Cybercrime Portal || J&K&L HC: Unregistered Agreement to Sell Can be Considered For Assessing Possession at Interim Stage || Raj HC: Cybercrime Cases Can't be Quashed Only on Compromise as They Impact Society at Large || Gujarat High Court: Separate Compensation is Payable For Stillborn Child in Railway Accident Case || Delhi HC: Hymen Rupture is Not Required to Prove Penetrative Sexual Assault under the POCSO Act || Delhi HC: Organised Crime Groups Exploit Juveniles, Misuse Juvenile Justice Laws for Serious Crimes

Search Results for Tag : Bank Guarantees

News

Delhi HC Stays Bank Guarantees' Invocation(21.04.2020)

Delhi High Court has passed an interim order restraining the invocation of bank guarantees, observing that the lockdown was prima facie in the nature .....

Tags : Delhi High Court, Bank Guarantees

International Cases

Once a guarantee is valid on the face of it, the contractual obligation of the bank is to pay the nominated beneficiary, if the conditions are met(30.12.2022)

In present case, the High Court dismissed the application brought by the liquidators of the Appellant, Cape Concentrate (Pty) Ltd. to set aside, as a .....

Tags : Payment, Demand, Bank guarantees