U.B. ENGINEERING LTD. vs PUNE READYMIX CONCRETE INDS.LTD. — C.A. No. 2413/1999

Summary of C.A. No. 002413/1999: U.B. Engineering Ltd. v. Pune Readymix Concrete Inds. Ltd. The Supreme Court dismissed U.B. Engineering's appeal on March 7, 2006, upholding the High Court's order granting an injunction preventing encashment of a Rs. 7.5 lakh bank guarantee furnished by Pune Readymix. The dispute arose over a mobilisation advance clause in a concrete supply contract; the respondent claimed it was forced to furnish an unrequired second bank guarantee and never received the corresponding advance payment. The Court upheld the injunction but clarified that High Court's interim observations on merits are non-binding, directing the trial court to dispose of the suit expeditiously while keeping the bank guarantee alive pending final adjudication. This case analysis is maintained by casestatus.in based on publicly available court records.