Supreme Court · 1995 INSC 572 · Decided 13 September 1995
Larsen and Toubro LTD. v. Maharashtra State Electricity Board and ORS.
- Court
- Supreme Court of India
- Citation
- 1995 INSC 572 · [1995] SUPP. 3 S.C.R. 615
- Case number
- CIVIL APPEAL No. 8254/1995
- Decided
- 13 September 1995
- Bench
- J.S. VERMA, K.S. PARIPOORNAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Arbitration Act Section 41
Headnote
Civil Procedure Code, 1908, Order-39, Rules I and 2-Bank Guaran­ tees-Fumished under the contract Injunction against invocation of-A con­ fi1med bank guarantee can not be inte1f ered with, unless there is an established fraud and iJTetrievable injustice involved in the case. A contract was against advance, performance, two guarantees for partial release of retention money and security against liquidated damages. A B c D As per contract clauses, after taking trial and performance test, the Plant was taken over by the respondent Electricity Board and a taken over certificate
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