Supreme Court of India

CANARA BANK OVERSEAS BRANCH REP. BY SENIOR MANAGER versus ARCHEAN INDUSTRIES PRIVATE LIMITED AND ANOTHER

2026 INSC 247

Case number
CIVIL APPEAL No. 13861/2024
Judgment date
2026-03-17
Petitioner / appellant
CANARA BANK OVERSEAS BRANCH REP. BY SENIOR MANAGER
Respondent
ARCHEAN INDUSTRIES PRIVATE LIMITED AND ANOTHER
Neutral citation
2026 INSC 247
Other citation
[2026] 4 S.C.R. 151
CNR
ESCR010000982026
Bench / judges
J.B. PARDIWALA, R MAHADEVAN
Author judge
J.B. PARDIWALA
Bench size
2 Judges
Disposal nature
Dismissed
Judgment year
2026

Issue for consideration

(i) Whether there is a valid undertaking by way of a guarantee executed by Defendant No.1 and whether Defendant No.1 can absolve from its liability; (ii) Whether the reasons adopted by the Division Bench of the High Court Court.

Headnote excerpt

Contract Act, 1872 – ss.126, 127, 128, 137, 138, 140, 141 – Plaintiff-Goltens Dubai carried out extensive repair works on the vessel Master Panos at request of the owner – Defendant No.1 had entered into a Charter Party Agreement dated 09.03.1998 with

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