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SUPREME COURT
, J
Indian Bank – Appellant
Versus
M/s. STE Kolori – Respondent
| Table of Content |
|---|
| 1. details of the contract and transactions between the parties. (Para 1 , 2 , 4 , 5) |
| 2. involvement of forged documents and the issues raised by the parties. (Para 3 , 7 , 8) |
| 3. role and responsibilities of banks as per icc rules. (Para 10 , 11 , 12 , 15) |
| 4. concepts of fraud and forgery in legal proceedings. (Para 21 , 24 , 29) |
| 5. conclusion leading to the dismissal of the respondent's claim. (Para 43) |
1. These are two appeals against the judgments of the National Consumer Disputes Redressal Commission, New Delhi.
2. The facts on record indicate that the respondent had entered into Contract No. 31/89 with a French Firm M/s. STE Kolori (for short, 'Buyer') for supply of 1 lac metres of cotton grey sheeting of the value of French Francs 4,37,500/-. In due course, the goods were shipped to the buyer and on 9-6-90, respondent drew two Bills of Exchange on the Buyer for French Francs 3,50,000/- and French Francs 87,500/-. The draft mentioned at the top that the Bills of Exchange had to be coaccepted by the Buyer's bank. These documents were sent by the appellant to that Bank on 18-6-90 as requested by the respondent but on 9-7-90, the documents were returned unpaid. However,
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