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1989 (12) TMI 358 - HC - Indian LawsExtract: ....... Bank guarantee save there is clear case of fraud of which the Bank had notice and where the special equity was in favour of the beneficiary. 6. For the reasons aforesaid, this revision petition is allowed. The orders of the Courts below are set aside. The Corporation is entitled to enforce the Bank guarantee referred to above. 7. Petition allowed.
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