PAKISTAN TELECOMMUNICATION COMPANY LIMITED vs UNIVERSAL SERVICE FUND, ISLAMABAD S — 2024 CLD 1426 ISLAMABAD

Case information

Citation: 2024 CLD 1426 ISLAMABAD
Court: Islamabad High Court
Year: 2024
Reporter: CLD
Parties: PAKISTAN TELECOMMUNICATION COMPANY LIMITED vs UNIVERSAL SERVICE FUND, ISLAMABAD S
Provisions referred to: S. 124---P

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

PAKISTAN TELECOMMUNICATION COMPANY LIMITED VS UNIVERSAL SERVICE FUND, ISLAMABAD S. 124---Performance guarantee---Scope---Bank guarantee / performance guarantee operates independently of agreement between parties---Guarantor / promisor is bound to honour the same as and when the beneficiary wishes to encash the same---Guarantor is not to go into the agreement between parties.

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