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Supreme Court of India

Canara Bank Overseas Branch v. Archean Industries Private Ltd.

Neutral citation
Reported as [2026] 4 S.C.R. 151
Bench J.B Pardiwala and R. Mahadevan JJ.
Decided 17 March 2026

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

In view of the foregoing discussion, both the appeals fail and are accordingly dismissed.

Judgment, page 33

From the headnote

Issue for Consideration (i) Whether there is a valid undertaking by way of a guarantee executed by Defendant No.1 and whether Defendant No.1 can absolve from its liability; (ii) Whether the reasons adopted by the Division Bench of the High Court warrant interference by this Court. Headnotes† Contract Act, 1872 – ss.126, 127, 128, 137, 138, 140, 141 – Plaintiff-Goltens Dubai carried out extensive repair works on the vessel Master Panos at request of the owner – Defendant No.1 had entered into a Charter Party Agreement dated 09.03.1998 with the vessel owner for shipment – Under the said

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