Supreme Court of India
Mahatma Gandhi Sahakra Sakkare Karkhane v. National Heavy Engg. Coop. Ltd. and Anr.
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.
What the Court ordered
We hold that the respondent herein did not make out any case for grant of injunction restraining the appellant herein )(
Judgment, page 17
From the headnote
Bank guarantee-Stipulating that (i) guarantor undertook to pay the specified amount without demur: (ii) it was not open to guarantor to know reasons or investigate or to go into merits of demands or question or challenge demand or to know any facts affecting demand: (iii) purchasers had sole discretion as to whether amount of bank guarantee had become recoverable or sellers breached terms and conditions of agreement: (iv) right to recover from guarantor was not to be suspended due to any dispute between seller and purchaser-Deed of guarantee also making a reference to principal agreement
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