Jindal Stainless Limited Vs. Icici Banking Corporation Limited and ors.

Decided On : Sep-09-2004

Court : Delhi

LAW: Article 43a, Article 15Banks, Order 39 Rule 1 CPC, Article 2Meaning, Article 7, Article 9Liability of Issuing and Confirming Banksa, Article 48, Article 10Types, Article 14Discrepant, Article and/or fails, Article 15Disclaimer, Article 23Marine/Ocean Bill, Article 48 Transferable Credita, Article 43, the Bill of Lading, Article 3

CARDINAL: 2, 9, 100, 245, ABOUT 19, 5, 10, ONE, 9, 8, No.3, 9, No.3, 3.11.1999, 630, 6.35%)--------------Total, 10.11.1999, 8., 29.11.1999, 100, 1999VESSEL, 212, 541, 212, 541, 23.12.1999, 10.11.1999, 12, 1999.While, 500, 4In, 15.2.2000, 1969]2SCR920, 319, 185):'It, one, two, two, one, 1, 298, one, 1, 2, 1981]3SCR300, one, two, 45, 31, 631, 14, only two, two, 566, 52, 1996]1SCR293, 1, Two, two, 4, two, two, 17, one, 19, 13(b).d, more than one, one, one, more than one, only one, two, 21., One, 10-11-99, 22, two, 23

PERSON: CORPORATION LIMITED, BENEFICIARY, MINES SHELLS, BENEFICIARY, Surya Impex, NVNEW YORK, Bhikaji Cama Place, Signatories.10, Haryana, Haryana, Madras, H.B. Sheldon, H.C., A.G. Devis' ', B.C. Mitra, Mohan Kumaramangalam, M.C. Satalvad, Donovan, J., Jenkins, Pearce L., Urquhart Lindsay, Marco Polo, Marco Polo, Sica, Sica, Marco Polo, Sica, Sica, Marco Polo, Sica, Sica, Sica, Sica, Sztejn, Sztejn, Itek, V.M. Jog Engineering Limited, Articles 3, Banks, Seller, Seller, Hon'ble M.B. Shah, J., Banks, Hira Lall, Articles, Beneficiary, Articles, Draft(s, Draft(s, Draft(s, Draft(s, Draft(s, Draft(s, Draft(s, Draft(s, Beneficiary, Beneficiary, Beneficiary, Beneficiary, Beneficiary, Credita, Draft(s, Draft(s, Draft(s, Draft(s, Draft(s, Beneficiary, Draft(s, Ladinga, Beneficiary, d., Third Beneficiary, Articles, Draft(s, Draft(s, Draft(s, Jayant Bhushan, Tarapore, Bhushan, H.C. Gutteridge, Maurice Megrah, Seller, Bhushan, Bhushan, Bhushan, Bhushan

GPE: NEW DELHI - 110, CLAUSED, INDIA, NEW DELHI, NEW DELHI, THENEW YORK, US, US, US, NEW DELHI - 110, New York, New York, San Salvador, EL Salvador, San Salvador, EL Salvador, USA, San Salvador, EL Salvador, USA, nebulous.6, El Salvador, New Delhi, New York, NVNEW YORK, STREETNEW YORK, N.V., NEW YORK, US, US, Centre, New Delhi, Centax, Moscow, Halsbury, Vol.34, Counsel, Counsel, England, Hamzeh Walas, London, Installment, Installment, Installment, Jenkins, L.J., Washington, Washington, Dulien, New York, Shientag, India, USA, Iran, United States, Iran, Credit(s, Noticea, andv, disregarded.c, America, the Russian Firm, the Russian Firm, Russian Firm, India, US

ORG: INDIA EVIDENCING SHIPMENT OF MERCHANDISE DESCRIBED, CONVEYING FULL DETAILS OF SHIPMENT, QUANTITY, ORIGINAL, MATERAL, CARTRIDGES, MET, THIS L/C IS, BENEFICIARY, KBC BANK, NETWORK, BENEFICIARY TO COURIER/FAX THREE SETS OF NON NEGOTIABLE DOCUMENTS, NEGOTIABLE, INLAND TRANSPORTATION CHARGES IN INDIA IN, NAME, THE USANCE PERIOD I.E., DRAFTS, THIS L/C ARE FOR, THE ABOVE BANK AFTER CERTIFYING, THE NEGOTIATING BANK IS REQUIRED, MAC, KBC Bank, Bank of this Letter of Credit, Invercomer S.A. De, USA/Central America, the L/C, KBC Bank, Invercomer S.A. De, KBC Bank, the NEGOTIATING BANK, Plaintiff, Invercomer S.A. De, Nordana Lines SA, NEGOTIATING BANK, Connaught PlaceNew Delhi-110 001IndiaAttn, USD, mt stainless steel, Acajutla, Chase Manhattan Bank, the Uniform Customs and Practice, International Chamber of Commerce Publication, the NEGOTIATING BANK, KBC BANK, C57, SKOTABORG V - 834MR, AZZARPU, LADING ARE FRAUDULENT.WE REUQEST, IMEDIATELY, AB & 028-008-248KBC BANK, NYFAVOR, ICICI BANKING CORP, CONFIRM, SURYA IMPEX, the NEGOTIATING BANK, Strips Limited, Uniform Customs And Practice for Documentary Credits, Bank Ltd., Suit, Hisar, the Hon'ble Supreme Court, the High Court of Punjab, Court, Hisar, Suit, LEGAL REGIME PERTAINING TO LETTERS OF CREDIT11, The Hon'ble Supreme Court, Vinmar Impex Inc., Bank Guarantee, Letters of Credit, The Hon'ble Supreme Court, Letter of Credit, Bank Guarantee, Laws of England, Bills of Exchange', un, Commercial Letters of Credit', Bankers' Letters of Credit', the Bank of India, the Queens Bench Division, Sons, British Imex Industries Ltd., the Midland Bank Ltd., Court, Court, Co. Ltd., Eastern Bank Ltd., the American Courts, Dulien Steel Products Inc., Bankers Trust Co., Federal Reporter, Dulien Steel Products Inc., the European Iron and Steel Company, Marco Polo Group Project, Ltd., Seattle First National Bank, Seattle Bank, Seattle Bank, the Seattle Bank, Seattle Bank, Seattle Bank's, Seattle Bank, the District Court of, Court, the Court of Appeals, United Commercial Bank, Bank of India and Others, the Apex Court, a Letter of Credit, Bank Guarantee, U.P. Coop, Singh Consultants & Engineers, Bank, Bank, Hindustan Steel Works Construction Ltd., Tarapore & Co., The High Court, U.P. State Sugar Corporation v. M/s. Sumac International Limited, Bank Guarantee, the Apex Court, Fed, the Imperial Government of Iran, an American Bank, an Iranian Bank, the American Government, the Iranian Government, The US Government, Court, the American Courts, Court, Larsen & Toubro Ltd., Maharashtra SEB :, Hindustan Steel Workers Construction Ltd., G.S. Atwal & Co., National Thermal Power Corpn., State, Maharashtra v. National Construction Co., Court, the Federal Bank Limited, the Apex Court, Court, The Federal Bank, Bank, Bank of Maharashtra, the Letter of Credit, The Federal Bank, Bank of Maharashtra, the Letter of Credit, Federal Bank, the Letter of Credit, the Apex Court, the Federal Bank, the Bank of Maharashtra, The Apex Court, the Judgment of the Division Bench, the Bombay High Court, Virgo Steels, Bank of Rajasthan Ltd. &, AIR, UCO Bank, the Bank of Rajasthan Limited, The Bank of Rajasthan, the UCO Bank, the UCO Bank, UCO Bank, the Reserve Bank of India, Letters of Credit, RBI, The Apex Court, United Commercial Bank, the Hon'ble Supreme Court, Lakshmi Commercial Bank, Tribunal, the Hon'ble Supreme Court, Courts, Bank Guarantees, Letters of Credit, Bank, Bank, Bank, the Apex Court, the Uniform Customs And Practice For Documentary Credits, CreditFor, Credit, the 'Issuing Bank', i., the 'Beneficiary', Draft(s, Credit, the 'Advising Bank', Credit, Bank, Black's Law Dictionary, Fifth Edition, Bank, Credit, the Issuing Bank, the Nominated Bank, the Issuing Bank, Credit, Credit, Credit, Credit, the Issuing Bank, the Issuing Bank, the Issuing Bank, Credit, Draft(s, Credit, Draft(s, Credit, Credit, Draft(s, Applicant, Credit, Draft(s, Applicant, Credit, the 'Confirming Bank', the Issuing Bank, the Confirming Bank, the Issuing Bank, the Confirming Bank, Nominated Bank, Credit, Credit, Credit, Credit, the Confirming Bank, the Confirming Bank, the Confirming Bank, Credit, Draft(s, Credit, Draft(s, Credit, Credit, Draft(s, Applicant, Credit, Draft(s, Applicant, i., the Issuing Bank, Credit, the Issuing Bank, the Issuing Bank, the Advising Bank, Credit, i. Except, Credit, the Issuing Bank, the Confirming Bank, Issuing Bank, Confirming Bank, Confirming Bank, the Issuing Bank, Credit, Credit, the Nominated Bank or Issuing Bank, Credit, Credit, Credit, the Issuing Bank, the 'Nominated Bank', Credit, a Nominated Bank, the Issuing Bank, the Confirming Bank, Nominated Bank, Draft(s, the Nominated Bank, the Confirming Bank, the Issuing Bank, the Nominated Bank, the Nominated Bank, the Nominated Bank's, the Issuing Bank, Credit, the Issuing Bank, Credit, the Issuing Bank, the Confirming Bank, the Nominated Bank, Draft(s, the Issuing Bank and/or Confirming Bank, Nominated Bank, Credit, Credit, the Issuing Bank, Credit, i., the Issue Bank and/or Confirming Bank, Nominated Bank, Bank and/or Confirming Bank, the Issuing Bank and/or Confirming Bank, Confirming Bank, the Issuing Bank and/or Confirming Bank, the Issuing Bank and/or Confirming Bank, Effectiveness of Documents Banks, Credit, Credit, i., Credit, Credit, Andiv, Credit, Credit, Credit, the 'Transferring Bank', Credit, Credit, Credit, Credit, the Issuing Bank, Credit, The Transferring Bank, Credit, the First Beneficiary, the Transferring Bank, the Transferring Bank, the Second Beneficiary, Transferring Bank, the Second Beneficiary, the First Beneficiary's, Credit, Credit, the Second Beneficiary, Credit, the First Beneficiary, the Transferring Bank, Credit, Credit, Credit, Credit, the Second Beneficiary, the First Beneficiary, Credit, Credit, Credit, Credit, Credit, Credit, the First Beneficiary, Applicant, Applicant, Credit, The First Beneficiary, Credit, Credit, the First Beneficiary, Credit, the First Beneficiary, Draft(s, Draft(s, the Transferring Bank, the Issuing Bank, Credit, Draft(s, The First Beneficiary, Credit, Credit, Credit, Credit, the First Beneficiary's, the Hon'ble Supreme Court, Suit, Plaintiff, Plaintiff, the Hon'ble Supreme Court, Courts, Court, Court, Letter of Credit, Bank Guarantee, Bank, NEGOTIATING BANK, NEGOTIATING BANK, the Letter of Credit, 'Negotiating Bank', the NEGOTIATING BANK, the Letter of Credit, the NEGOTIATING BANK, the Drawer of the Bill, the NEGOTIATING BANK, the Letter of Credit, UCP, Bank, the Letter of Credit, Plaintiff, SURYA IMPEX, NEGOTIATING BANK, Letter of Credit, the Plaintiff/JINDAL, the Letter of Credit, Plaintiff, the Letter of Credit, IMPEX, the Letter of Credit, Letter of Credit, Plaintiff, Plaintiff, IMPEX, the Board of this Court, Suit, the Letter of Credit, the NEGOTIATING BANK, Suit No.1647/200325, Suit

ORDINAL: THIRD, third, third, first, first, second, third, first, second, second, Secondly, first, first, third, third, third, seventh, Second, Second, Second, first, Second, First, Second, Second, third, first, third, first

DATE: 1662 20476, 0091 1662 20499, 99300125, 20 YEARS, 7 WORKING DAYS, 1997-2000, 19 0588085146, 180 DAYS, 1993, the day one, 28.10.1999, the following day, 180 days, 4.11.1999, Nov. 04, 19999-A, 180 days, April 25, 2000, 173 days, April 25, 2000, 1993, USD 42383250B, OCTOBER 28, December 30, 110 066Dear Sir, 23 December, 1993, 1.9.2003, 1958, 1922, 2nd, hundreds of years, 46, Supp 1210, '16, 2001, 1998 Bom 82, April 1, 1992, the day, 180 days, one day, 180 days, 180 days, 180 days

TIME: 48 HOURS OF, 1988]1SCR1124

NORP: + 3, Jordanian, British, American, American, Indian, Indian, American, Iranian, Russian

QUANTITY: 20 FEET, 20 FEET

LANGUAGE: ENGLISH

PERCENT: 0.25 PERCENT, 25%, 6.10%

PRODUCT: USD 4,48,500, USD 436,765.87.Unless, JL892, Plaint, Lordship, Report, Credit.iii, Articles, Credit.f, Credit.b, Article, Credit.c, Article

MONEY: # 900 27348ATTN, 82,709.79, 82,709.79, 82,709.79, 82,709.79.24

LOC: Hon'ble Single, Container(s

FAC: the Itek Corpn.

EVENT: the Iranian revolution, bank.e

WORK_OF_ART: a Letter of Credit, the Order of the Single Judge, Leave to Defend, Articles of the UCP 500, The Law of Bankers' Commercial Credits, Seventh Edition, Letter of Credit