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ATIF MEHMOOD KIYANI vs SUKH CHAYN PRIVATE LIMITED, ROYAL PLAZA, BLUE AREA, ISLAMABAD S — 2021 SCMR 1446 SUPREME-COURT

Case information

Citation
2021 SCMR 1446 SUPREME-COURT
Court
Supreme Court of Pakistan
Year
2021
Reporter
SCMR
Parties
ATIF MEHMOOD KIYANI vs SUKH CHAYN PRIVATE LIMITED, ROYAL PLAZA, BLUE AREA, ISLAMABAD S
Provisions referred to
S. 126---C

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

ATIF MEHMOOD KIYANI VS SUKH CHAYN PRIVATE LIMITED, ROYAL PLAZA, BLUE AREA, ISLAMABAD S. 126---Contract of guarantee---Bank/insurance guarantee---Encashment---Scope---Bank or insurance guarantee that contained a categorical undertaking and imposed absolute obligation on the guarantor, i.e., the Bank or the insurance company, to pay the guaranteed amount, irrespective of any dispute which may arise between the parties regarding breach of the contract, for which performance one of the parties furnished the guarantee to the other, was an independent contract; therefore, the guarantor must discharge its obligations under the contract of guarantee as per the terms thereof, independent of the dispute as to performance of the primary contract between the parties.

Other judgments reported in 2021 SCMR

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