Supreme Court · 1996 INSC 1167 · Decided 8 October 1996

State Bank of India and ORS. v. Manganese Ore (India) LTD. and ANR.

Court
Supreme Court of India
Citation
1996 INSC 1167 · [1996] SUPP. 7 S.C.R. 310
Case number
CIVIL APPEAL No. 1717/1980
Decided
8 October 1996
Bench
K. RAMASWAMY, G.B. PATTANAIK (2-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil

Headnote

OF INDIA AND ORS. v. MANGANESE ORE (INDIA) LTD. AND ANR. OCTOBER 8, 1996 B [K. RAMASWAMY AND G.B. PATTANAIK, JJ.) Banking,.· Letters of credit-Non-conipliance with terms and conditions by C seller-Bank's liability co honour the letters of credit-Respondent-seller com­ pany filed a by the seller did not match the quality of goods contracted under the letters of credit-High Court reversed the decree as against the Bank and held it liable to pay the D decretal amount-Held, when the parties have admitted that the goods sup­ plied were not of a specification and

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