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1996 (7) TMI 593 - SC - Indian LawsExtract: .......discharge its obligations under the bank guarantees till 31st July, 1996. If by that time the arbitrators declare the award then obviously the parties will have to reconsider there position in the light of the correct legal position and the observations made in this judgment. The Respondent No.1 shall pay the cost of these appeals to the appellant.
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