CANARA BANK OVERSEAS BRANCH REP. BY SENIOR MANAGER versus ARCHEAN INDUSTRIES PRIVATE LIMITED AND ANOTHER

Case summary from SCR

Issue for Consideration (i) Whether there is a valid undertaking by way of a guarantee executed by Defendant No.1 and whether Defendant No.1 can absolve from its liability; (ii) Whether the reasons adopted by the Division Bench of the High Court Court. Headnotes† Contract Act, 1872 – ss.126, 127, 128, 137, 138, 140, 141 – Plaintiff-Goltens Dubai carried out extensive repair works on the vessel Master Panos at request of the owner – Defendant No.1 had entered into a Charter Party Agreement dated 09.03.1998 with