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1992 (12) TMI 115 - BOMBAY HIGH COURTExtract: .......Bank which had opened letter of credit could not honour the same due to moratorium. The extension was sought not because of any fault of respondent No. 1. In these circumstances, the order of the learned Single Judge does not suffer from any infirmity and the appeal must fail. 4. Accordingly, appeal is dismissed. There will be no order as to costs.
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