LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

goutam (director)     12 August 2011

About BG

if we give a BG to any company and comapny give the stock twice against BG but suddenly company change the distribution and not take return stock and settelment then wht we do



Learning

 4 Replies

AAK (Advocate)     12 August 2011

have you entered into any written agreement ?

LLB.ACS Gourav Khatri (COMPANY SECRETARY)     12 August 2011

Deficiency in service

goutam (director)     12 August 2011

company send us agreement but we donot give retuen with our sign copy can you confirm me company can encash the bg without any information or bank first confirm me bcoz we can return the stock to company after full settelmet

AAK (Advocate)     13 August 2011

The very purpose of the BG is to ensure that the beneficiary under the BG must be protected. Hence whatever may be dispute between company and you, it will in no way restrict the company from invoking the BG. If there is breach of contract you can file suit against company for damages.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query