Supreme Court of India · 2021-09-06

M/S INDSIL HYDRO POWER AND MANGANESE LIMITED vs STATE OF KERALA AND OTHERS

Citation / case number: SC 2014/21711
Court: Supreme Court of India
Petitioner: M/S INDSIL HYDRO POWER AND MANGANESE LIMITED
Respondent: STATE OF KERALA AND OTHERS
Author: HON'BLE THE CHIEF JUSTICE
Bench: HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE S. RAVINDRA BHAT, HON'BLE MS. JUSTICE BELA M. TRIVEDI

Judgment text excerpt

The Supreme Court addressed the appeals concerning the interpretation of contractual obligations and the enforcement of guarantees in the context of corporate transactions. The court emphasized the necessity of adhering to the terms of the contract while also considering the principles of equity and justice. Ultimately, the court upheld the lower court's decision, reinforcing the binding nature of guarantees provided in commercial agreements.