Tag Archives: guarantee

Issuance of bank guarantee will not confer territorial jurisdiction on court: DHC

The Delhi High Court recently reiterated that merely issuance of bank guarantee within the territory of a court will not confer territorial jurisdiction on the court when the guarantee itself vests jurisdiction in courts outside India. The Court said, “…….it … Continue reading

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Seller is entitled to forfeit earnest money deposit where the sale of an immovable property falls through by the fault of purchaser: SC

The Supreme Court of India clarified that the seller is entitled to forfeit the earnest money deposit where the sale of an immovable property falls through by reason of the fault or failure of the purchaser. The question whether the … Continue reading

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