Supreme Court · 2015 INSC 250 · Decided 23 March 2015
M/S. Millenium Wires (P) LTD. v. The State Trading Corporation of India LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 250 · [2015] 3 S.C.R. 963
- Case number
- CIVIL APPEAL No. 3103/2015
- Decided
- 23 March 2015
- Bench
- M.Y. EQBAL, PINAKI CHANDRA GHOSE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC
Headnote
A B Code of Civil Procedure, 1908- 0. VII r. 11 - Rejection c of plaint - Injunction against banks to honour their guarantees - Suit seeking injunction against the Company from claiming any benefit .under the Letters of Credit and against the Confirming Foreign Bank or release of funds under the Letters of Credit - Meanwhile D application u/O. VII r. 11 CPC by the Confirming Bank - High Court allowed the application but dismissed the plaint as no cause of action was shown against the Confirming Bank - Appeal thereagainst also dismissed - On appeal, held:
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