Supreme Court of India
State Bank of India and Anr. v. Mula Sahakari Sakhar Karkhana Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
From the headnote
Contract: Contract of indemnity and bank guarantee-Distinction between- Contract for purchase of paper plant-At the instance of supplier, Appel/an/ bank executed document in favour of purchaser by reason whereof it kept the purchaser indemnified against all losses, claims, damages, actions and costs which may be suffered by it-Document did not contain usual words found in a bank guarantee such as .. unconditional" and "absolute "-Nature of the document-Held: Document constituted a contract of indemnity and not a bank guarantee-Evidence Act, 1872-Sections 91 & 92. Respondent entered unto a
Authorities it was built on
Where later benches applied it
- 2019 G H Standard Chartered Bank v. Heavy Engineering Corporation Ltd. & Anr.
- 2019 Andhra Pradesh Pollution Control v. Ccl Products (india) Limited
Of those, 2 relied on
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