Supreme Court Upholds Appellant's Right to Encash Bank Guarantees — No Irretrievable Injustice Established. Citing established principles, the court ruled that bank guarantees must be honored unless exceptional circumstances arise....
The dispute arose from a contract for a captive power plant awarded by M/s Godavari Sugars Ltd. to M/s BSES Ltd. (now Reliance Energy Ltd.), which subsequently subcontracted part of the work to M/s Fe...




