Supreme Court · 1987 INSC 341 · Decided 19 November 1987
U.P. Co-Operative Federation LTD. v. Singh Consultants & Engineers (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1987 INSC 341 · [1988] 1 S.C.R. 1124
- Case number
- CIVIL APPEAL No. 3054/1987
- Decided
- 19 November 1987
- Bench
- SABYASACHI MUKHERJI, K. JAGANNATHA SHETTY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 41
Headnote
Performance of contract-guaranteed performance in accordance ._ with time schedule prescribed-Failure to perform obligation within time stipulated-Effect of-Bank guarantee-Right to invoke-To injunc- c tion against. /~~~ The appellant, a State Government enterprise, on or about May 17, 1983, limited company, for the supply and installation of a vanaspati manufacturing plant at a place in the district of Nainital. The contract bond contemp- D lated guaranteed performance of the work at various stages in accord­ ance with the time schedule prescribed and provided for completion
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