Hetero Internationatl v. Shandong Medicines and Health Products Iml. and Exp. Corpn. and Ors.

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The court dismissed motions seeking injunction to stop payment under a letter of credit and to lift a lien on a fixed deposit. The judge held that fraud in the underlying goods transaction does not vitiate the independent letter of credit and the plaintiffs waived discrepancy objections via an undertaking.