Supreme Court of India

G H Standard Chartered Bank v. Heavy Engineering Corporation Ltd. & Anr.

Neutral citation
Bench L. Nageswara Rao and Ajay Rastogi JJ.
Decided 18 December 2019

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.

From the headnote

Banks/Banking – Bank guarantees – Law relating to invocation of – By letter of intent dtd. 19.05.81, 1st respondent placed order on the 2nd respondent for the complete design, supply of both indigenous and imported equipments, erection and commissioning of requisite civil and construction works 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.…

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