MESSRS PRINTPAC (PVT.) LIMITED versus RICE EXPORT CORPORATION OF PAKISTAN LTD.
Contract Act 1872 Section 126 Civil Procedure Code (v. 1908), O xxxxx, Rr 1 and 2 Bank Guarantee Guarantee of the interim injunction to prevent the bank guarantee presented by the defendants from the interim injunction in favor of the plaintiffs , Which was of an unacceptable nature and was subject to the terms of the defendant's guarantee, the defendant was liable to be invoked at any time, the letter bail was executed and the defendant was charged with a bank guarantee. No fraud could have been committed, so, at any time, the defendants could be exposed. Plaintiffs in their discretion were not entitled to interim injunction preventing plaintiff from exceeding bank guarantee.
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