Supreme Court · 2019 INSC 1405 · Decided 18 December 2019
G H Standard Chartered Bank v. Heavy Engineering Corporation LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1405 · [2019] 15 S.C.R. 368
- Case number
- CIVIL APPEAL No. 9288/2019
- Decided
- 18 December 2019
- Bench
- L. NAGESWARA RAO, AJAY RASTOGI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Banks/Banking - Bank guarantees - Law relating to invocation of - By letter of intent dtd. 19.05.81, 1st respondent placed order on the 2nd respondent for the complete design, supply of both indigenous and imported equipments, erection and civil and construction works of the Dankuni Coal Complex at Rs.21.10 crores - Two bank guarantees, dtd.16.02.83 and 29.08.84 amounting to Rs.71,35,100/- and Rs. 20,32,500/- furnished on behalf of the 2nd respondent by the appellant-Bank in favour of the 1st respondent - Memorandum
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