Runh Power Corporation Ltd. filed an appeal against Ind-Barath Power (Madras) Ltd. The appellant's grievance is related to a bank guarantee given by the China Bank through Bank of Baroda, which has been ordered to be invoked by Axis Bank, allegedly against the provisions of law. The appellant is also concerned about the said bank guarantee.
Runh Power Corporation Ltd. filed an appeal against Ind-Barath Power (Madras) Ltd. The appellant's grievance is that a bank guarantee given by the China Bank through Bank of Baroda has been ordered to be invoked by the Axis Bank, which the appellant claims is against the provisions of law. The appellant is also concerned about the said bank guarantee. The court issued notice to the respondents and directed the appellant to provide email addresses for service. The invocation of the bank guarantee is subject to the decision of the appeal.
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The grievance of the Appellant is that the bank…
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Runh Power Corporation Ltd. filed an appeal against Ind-Barath Power (Madras) Ltd. The appellant's grievance is related to a bank guarantee given by the China Bank through Bank of Baroda, which has been ordered to be invoked by Axis Bank, allegedly against the provisions of law. The appellant is also concerned about the said bank guarantee.
Runh Power Corporation Ltd. filed an appeal against Ind-Barath Power (Madras) Ltd. The appellant's grievance is that a bank guarantee given by the China Bank through Bank of Baroda has been ordered to be invoked by the Axis Bank, which the appellant claims is against the provisions of law. The appellant is also concerned about the said bank guarantee. The court issued notice to the respondents and directed the appellant to provide email addresses for service. The invocation of the bank guarantee is subject to the decision of the appeal.
The grievance of the Appellant is that the bank…
Requisite along with…
Sign in to view related legal provisions.