Supreme Court Dismisses Appeal in Letter of Credit Dispute; Upholds Autonomy of Irrevocable Credits — No Fraud or Modification Established to Justify Interference. Irrevocable Letter of Credit Held Independent of Underlying Sale Contract and Not Subject to Injunction Absent Exceptional Circumstances Under Uniform Customs and Practice for Documentary Credits.
26 Nov 1968The dispute arose from a contract between an Indian firm (appellant) and a Russian firm (respondent) for the supply of construction machinery for the ...
