Supreme Court · 2026 INSC 247 · Decided 17 March 2026

Canara Bank Overseas Branch REP. BY Senior Manager v. Archean Industries Private Limited and Another

Court
Supreme Court of India
Citation
2026 INSC 247 · [2026] 4 S.C.R. 151
Case number
CIVIL APPEAL No. 13861/2024
Decided
17 March 2026
Bench
J.B. PARDIWALA, R MAHADEVAN (2-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Contract Act Section 126, 127, 128, 137, 138, 140, 141, 126to128

Headnote

(i) Whether there is a valid undertaking by way of a guarantee executed by Defendant No.1 and whether Defendant No.1 can absolve from its liability; (ii) Whether the reasons adopted by the Division Bench of the High Court Court. Contract Act, 1872 - ss.126, 127, 128, 137, 138, 140, 141 - Plaintiff-Goltens Dubai carried out extensive repair works on the vessel Master Panos at request of the owner - Defendant No.1 had entered into a Charter Party Agreement dated 09.03.1998 with

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