Courts Only Need To Consider the Terms of the Bank Guarantee, While Considering Application for Its Encashment: Allahabad HC

While dealing with an application filed u.s 9 of the Arbitration and Conciliation Act seeking to restrain the casement of a Bank Guarantee, the Allahabad High Court held that a court is only required to consider the terms of the Bank Guarantee Agreement and not the conditions mentioned in the main contract. In this case,

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