ARABTEC PAKISTAN (PVT.) LTD. versus ENSHAANLC DEVELOPMENTS (PVT.) LTD.
Section 20 and 41 Civil Code of Conduct (v. 1908), O xxxxx, Rr 1 and 2 Arbitration Agreement, filing a dispute between the parties to a construction contract Requesting the defendant to block the defendant's request for a bank guarantee Is such a guarantee condition. On the default of the contractual obligations by the plaintiff; that the defendant had stopped the construction to redesign the project, thus the plaintiff was released from performance and what the plaintiff owed to the plaintiff The validity of such a guarantee was higher than the total value of the question whether the payment was due to the plaintiff or whether the defendant paid, the decision of the case being successfully mediated by the consent of both parties by the court. The decision can be made. The High Court, observing the petition, accepted that such guarantee would remain intact until the arbitrator receives the award.
Related judgments — Karachi High Court Sindh, 2011
