Karnataka High Court Denies Relief To Jeweller Rajesh Exports On Letters Of Credit
A salesman displays a diamond-and-pearl gold necklace in India (Photographer: Dhiraj Singh/Bloomberg)

Karnataka High Court Denies Relief To Jeweller Rajesh Exports On Letters Of Credit

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Banks are duty-bound to comply with the Reserve Bank of India’s timelines on letter of credit and receipt of export proceeds. Being a guarantee, any injunction against the letter can be granted onl...
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