Supreme Court · 2007 INSC 1124 · Decided 2 November 2007
Vinitec Electronics Private LTD. v. HCL Infosystems LTD.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 1124 · [2007] 11 S.C.R. 897
- Case number
- CIVIL APPEAL No. 5121/2007
- Decided
- 2 November 2007
- Bench
- ALTAMAS KABIR, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
,> Bank Guarantee-Invocation of-Contract between parties- One of the parties f~rnishing Bank Guarantee in favour of the other c Guarantor seeking injunction of invocation of the Guarantee as there existed a dispute between the contracting parties-Permissibility of- Held: In the facts of the beneficiary despite pend ency of the dispute-Bank Guarantee is an independent contract D between the Bank and the beneficiary-bank is obliged to honour its ).. guarantee so long as it is unconditional and irrevocable-The case also \ does not fall under exceptions-Allegations of fraud and plea of
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)