A suit for perpetual injunction or specific performance requires a valid cause of action and, in the case of recovery of pledged goods, must be filed in a court with appropriate pecuniary jurisdiction.

K.S. Sidhu, J.-The revision petition listed above was allowed on March 8, 1984, with the remarks that reasons for the acceptance will be given later Reasons are given as follows:-Reasons.

1. This petition of revision under Section 115 of the CPC by the defendant in a suit pending before the Additional Munsif Jaipur City, is directed against the appellate order of the Additional Civil Judge. Jaipur city, affirming the order of the Additional Munsif , whereby the latter had granted a temporary injunction in favour of the plaintiff in the suit restraining the defendant from selling the goods pledged by the plaintiff with the defendant to a third party and further mandating the defendant in effect to deliver the goods to the plaintiff at the rate of Rs. 6350/-per metric tonne.

2. The suit in which the extraordinary order of temporary injunction as aforementioned, was passed by the trial Court and affirmed by the lower appellate Court, has been filed by M/s. Bal-labhdas and Sons, hereinafter called the firm, against the State Bank of Bikaner and Jaipur, hereinafter called the Bank, for perpetual injunction restraining the Bank from selling the pledged floods to a third party, and. as the relief clause further proceeds, “from refusing to give delivery of the goods to the plaintiff at the rate of Rs. 6350/-per metric tonne including import duty and miscellaneous charges”, and from committing breach of contract in any other manner, Ignoring the diversionary verbiage, snarl words and irrelevant ‘facts which constitute the bulk of the 60 pages of the plaint, the material facts, as gathered from the record, are as follows. The firm applied for and obtained from the Bank a letter of credit, dated Feb. 27, 1981, for the purpose of importing prime quality CR ‘steel sheets and other similar goods specified in the said letter from M/s. Mercantile Trading Co. of Hong Kong. The letter of credit issued by the Bank authorised M/s. Mercantile Trading Co. to draw on the firm bills for a sum not exceeding 11.95 lacs U. S. dollars, and the Bank undertook to honour the documents on presentation. The goods valuing 11.78,839.96 lacs U. S. dollars were shipped by the suppliers on Feb. 10, 1982. i. e. within the stipulated period of shipment. The goods were expected to be landed in India by the middle of April1982. It appears that the firm which was originally confident of raising its own funds for retiring the documents, paying import duty and meeting other expenses for getting the delivery of the goods on landing was unable to do so. The firm therefore once again approached the Bank for help. Much against its earlier assurances in writing to the Bank that it would not be needing any cash credit facility for getting the goods cleared and obtaining their delivery, the firm wrote to the Bank on March 3. 1982. requesting for a cash credit pledge limit of Rs. 115 lacs. By its letter, dated. April 1. 1982, the Bank sanctioned an ad hoc cash credit pledge limit of Rs. 115 lacs for a period of three months from the date of the landing of the goods on the terms and conditions as specified in the said letter. The firm signed the said letter accepting ail the terms and conditions therein. The firm pledged the bills of lading and the imported goods as collateral and security for the loans granted. It also undertook to deposit Rs. 12.50 lacs in addition to the earlier deposit of Rs. 7.50 lacs, by way of margin money. The firm also agreed to deposit additional amount, over and above the agreed minimum of Rs. 20 lacs by way of margin, in the event of variation in the exchange rate. Another important condition accepted by the firm as a part and parcel of the cash credit pledge contract, reads as under:- YOU will also be required to deposit in advance with our D. N. Road Bombay branch the custom duty, auxiliary duty, ad valorem charges, warehouse charges, clearing agent’s commission and all other miscellaneous charges in connection with taking delivery of the g