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1986 (8) TMI 442 - SC - Indian LawsExtract: .......h the banks have notice, the courts will leave the merchants to settle their disputes under the contracts by litigation or arbitration as available to them or stipulated in the contracts. 6. We do not see why the same principles should not apply to a banker's letter of indemnity. 7. Accordingly, the appeal must fail and is dismissed with costs.
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