Posted inNews
Bombay High Court Rules Egyptian Law Governs Counter Bank Guarantee; Lifts Injunction Restraining SBI from Honoring Payment to Beneficiary, Emphasizes Irrevocability and Independence of Bank Guarantees
1. Court’s Decision: The Bombay High Court allowed the appeal filed by Qatar National Bank Alahli (the appellant) and set aside the ex parte injunction that the Single Judge had…
