Allowed
M/S.Nichrome India Limited v. M/S.a.v.Cleaning Products Pvt.Ltd.
Bombay HCCAF/2312/2014
Case brief
AI extract
What is this about?
The High Court of Bombay, Civil Appellate Jurisdiction, heard an application to replace a bank guarantee with a demand draft of Rs. 5 lacs. The respondent had no objection to the deposit. The court allowed the application directing compliance by the specified date.
What did the court decide?
Allowed the application to replace bank guarantee with demand draft of Rs. 5,00,000/-. Directed compliance by 28.10.2014.