India: Banks Cannot Insist Mandatory Claim Period Of 1 Year For Bank Guarantees- Delhi High Court - LexOrbis

Mondaq

25 Aug 2021 0 shares 1 views

Mondaq

Published 25 Aug 2021

Recently, the Delhi High Court held that banks cannot force debtors to have a compulsory claim period of 1 year under the contract of Bank Guarantee.

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India: The Delhi High Court Clarifies: Not Mandatory For A Bank Guarantee To Have A Claim Period Of 12 Months - Obhan & Associates

The Delhi High Court in the case of Larsen & Toubro Limited vs. Punjab National Bank1 recently pronounced an important judgement..

Mondaq 19 Aug 2021