Erroneous Remittance – Lawcutor

Supreme Court Upholds Corporate Guarantee as Valid Contract; Canara Bank Held Liable for Erroneous Remittance of USD 100,000 Contrary to Customer Mandate

The Supreme Court has upheld the liability of Archean Industries Private Limited under a “Corporate Guarantee” executed in favour of Goltens Dubai for payment of USD 100,000 towards vessel repair…