Injunction–Since a Bank Guarantee or a Letter of Credit is an independent and a separate contract and is absolute in nature, the existence of any dispute between the parties to the contract is not a ground for issuing an order of injunction to restrain its enforcement of.
2007(3) LAW HERALD (SC) 2481 IN THE SUPREME COURT OF INDIA Before The Hon’ble Mr. Justice Tarun Chatterji The Hon’ble Mr. Justice P.K. Balasubramanyan Civil Appeal No. 3522 of 2007…