SAUDI-PAK INDUSTRIAL AND AGRICULTURAL INVESTMENT COMPANY (PVT.) LTD., ISLAMABAD versus ALLIED BANK OF PAKISTAN
Contract Act 1872 Section 126 Bank Guarantee Default liquid damages determine the interest and obligations of the parties in relation to the terms and conditions of guarantee of the rights and obligations of the parties and the guarantee agreement is to be strictly understood. Is. The Guarantee of the Guarantee, in the present case, clearly indicates that the bank's total liability was limited to a certain amount. The Bank demanded that the plaintiff perform unconditionally and unconditionally to pay the said amount. In order to show that the plaintiff had not brought any record, the default effect was that liquidated damages based on liquid damages suffered permanent damages. As a rule, positive evidence was needed to prove that the original. The loss is incurred by the party and even the fixed amount of damages, the damages cannot be recovered. The idol was not, in the circumstances, entitled to any interest nor any liquidated liquidity.
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