Invocation of bank guarantee cannot be restrained unless fraud, irretrievable injury/injustice or special equities is proved: Delhi HC [Read Judgment]

In a recent judgment, Division Bench of Delhi High Court has ruled that invocation of a bank guarantee cannot be restrained unless fraud, irretrievable injury/injustice or special equities is proved.“Since none of the three mandatory pleas, fraud, irretrievable injury/injustice or special equities has been pleaded, the respondent no. 1 is not entitled to any order of restraint from...