Bank Guarantee–Encashment–Stay by the Court–Scope of–Court should refrain from interfering with the invocation of a bank guarantee except in case of fraud of an egregious nature or in case where allowing encashment would result in irretrievable injustice.
Jindal Steel & Power Ltd. & Anr. vs. Bansal Infra Projects (P) Ltd. & Ors. (SC)
₹52.00 ₹5.20
