The case of Rajshree Sugars and Chemicals Ltd. v. Axis Bank Ltd. revolves around a dispute over the invocation of bank guarantees by Axis Bank. Rajshree Sugars and Chemicals had obtained credit facilities from Axis Bank, and as part of the arrangement, they provided certain bank guarantees as security. Subsequently, Rajshree Sugars and Chemicals failed… Continue reading Rajshree sugar & chemicals Ltd