A.RAMAMURTHI
W. S. Industries (India) Limited – Appellant
Versus
Indian Overseas Bank and Others(And Others Applications) – Respondent
A. RAMAMURTHI, J.
Original Applications Nos. 672 and 673 of 2000 are filed by the respective applicant/plaintiff to grant ad interim injunction restraining respondents Nos. 1 and 2 from effecting any payment under the guarantees/counter guarantees provided by them as detailed in the schedule to the judge's summons. Application No. 3537 of 2000 has been filed by the first defendant in C. S- No. 532 of 2000 to vacate the interim order passed in O. A. No. 673 of 2000dated July 19, 2000. Application No. 4420 of 2000 has been filed by the second defendant in C. S. No. 532 of 2000 to vacate the order passed in O. A. No. 673 of 2000.
The case in brief for disposal of all the applications is as follows: The applicant/plaintiff supplied to the respondent suspension insulators, potential transformers and current transformers covered under 17 individual purchase orders placed by the third defendant in C. S. No. 536 of 2000 and by the fourth defendant in C. S. No. 532 of 2000 on the applicant and also caused the issuance of bank guarantees by the second respondent backed by counter guarantee of the first respondent in terms of the warranty clause in the purchase order issued by the t
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