LAWS(DLH)-2014-12-257

CREDIT AGRICOLE, CIB Vs. JVL AGRO INDUSTRIES LTD

Decided On December 26, 2014
Credit Agricole, Cib Appellant
V/S
Jvl Agro Industries Ltd Respondents

JUDGEMENT

(1.) The present appeal has been filed under Section 104 read with Order XLIII Rule 1(r) and section 151 of the Code of Civil Procedure, 1908 (hereinafter referred to as CPC) impugning the order dated 19th December, 2014 passed by the learned Single Judge of this Court in CS(OS) No.3947/2014, inter alia, passing an order for status quo and thereby restraining the Bank of Baroda, respondent No.2 herein, from making payments to Credit Agricole, CIB, appellant herein, on the due date as provided for in the Letter of Credit bearing No.2630IMPLC0005614 for a sum of USD 432,500/- (U.S. Dollar Four Hundred Thirty Two Thousand and Five Hundred Only) issued by the respondent No.2 on 27th June, 2014, wherein the appellant was the beneficiary bank.

(2.) Admittedly, the respondent No.1 herein, who is plaintiff in the suit proceedings, filed the suit for permanent injunction seeking the following prayers:

(3.) The following impugned order dated 19th December, 2014 was passed: