19 Jun 2006
SINOM SHANGHAI IMPORT & EXPORT CO LTD v. EXFIN (INDIA) MINERAL ORE CO PVT LTD
- Citation
- SINOM SHANGHAI IMPORT & EXPORT CO LTD v. EXFIN (INDIA) MINERAL ORE CO PVT LTD
- Court
- Court of First Instance
- Case number
- HCCT45/2006
The injunction was discharged because the plaintiff failed to establish fraud at the critical time of presentation, failed to show a real risk of dissipation of foreign assets or inability of the defendant to satisfy judgment, and the balance of convenience favoured discharge given prejudice to innocent third-party banks and the mercantile importance of documentary credit practice; damages remained an adequate remedy absent evidence to the contrary.