Supreme Court of India
G H Standard Chartered Bank v. Heavy Engineering Corporation Ltd. & Anr.
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From the headnote
Banks/Banking – Bank guarantees – Law relating to invocation of – By letter of intent dtd. 19.05.81, 1 st respondent placed order on the 2 nd respondent for the complete design, supply of both indigenous and imported equipments, erectio n and commissioning of requisite civil and construction w orks of the Dankuni Coal Complex at Rs.21.10 crores – Two bank guarantees, dtd.16.02.83 and 29.08.84 amounting to Rs.71,35,100 /- and Rs. 20,32,500/- furnished on behalf of the 2 nd respondent by the appellant-Bank in favour of the 1 st respondent – Memorandum of Agreement executed – In due course of
Authorities it was built on
- 1999 Hindustan Construction Co. Ltd. v. State of Bihar and Ors.
- 2007 Himadri Chemicals Industries Ltd. v. Coal Tar Refining Company
- 1996 Ansal Engineering Projects Ltd. v. Tehri Hydro Development Corporation Ltd. and Anr.
- 2006 State Bank of India and Anr. v. Mula Sahakari Sakhar Karkhana Ltd.
- 2016 M/s Gangotri Enterprises Ltd. v. Union of India & Ors.
- 2016 Gujarat Maritime Board v. L&t Infrastructure Development Projects Ltd. and Another
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