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SAUDI-PAK INDUSTRIAL AND AGRICULTURAL INVESTMENT COMPANY (PVT.) LTD., ISLAMABAD versus ALLIED BANK OF PAKISTAN

Section 126 Bank Guarantee Default liquid damages The interest and obligations of the parties are set forth in relation to the terms and conditions of guaranteeing the rights and obligations of the parties to the stability of the parties and strictly the terms of the Guarantee Agreement Guarantee. Should be done. In the present case it was clearly made clear that the bank's full liability was limited to a certain amount. It can be shown that the plaintiff has caused permanent damage to the land. As a rule, damages for damages that were effected, positive evidence was required to prove that the party claiming the damages suffered actual damages and even received a fixed sum in lieu of damages. Cannot be deducted if the amount of the original loss was not proved by the claimant, neither was entitled to any interest in the circumstances nor any money as liquid compensation tax advocates from Nilam lawyer