This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Case Analysis – State Bank of India vs. Mula Sahakari (SC): Indemnity vs. Guarantee
Case Law Details
- Case Name
- State Bank of India & Anr. Vs Mula Sahakari Sakhar Karkhana Ltd.(Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
State Bank of India & Anr. Vs Mula Sahakari Sakhar Karkhana Ltd.(Supreme Court of India)
FACTS
In the given case, the respondent is a cooperative organisation that has signed a contract with Pentagon Engineering Pvt. Ltd. for the complete installation of a paper factory for Rs. 3,40,00,000/-. The cooperative organisation had the right to retain 10% of the contract price under the terms of the contract, but the Pentagon asked that the responder renounce that right and instead provide a letter of credit so that they could provide a sufficient bank guarantee. The Pentagon and the reply had...
Author Info
