Statutory Analysis & Procedural Guide: Bank Guarantee Injunctions: Fraud and Irretrievable Injustice Exceptions
Unconditional bank guarantees cannot be restrained by civil courts except in egregious fraud known to the bank. An in-depth analysis of Indian Contract Act 1872 Section 126 considering U.P. State Sugar Corporation v. Sumac International Ltd (1997) 1 SCC 568. Formulated by Supreme Court & High Court advocates for legal practitioners and corporate counsels.