TRADIGRAIN SA v STATE TRADING CORPORATION OF INDIA
[2006] 1 Lloyd's Rep. 216
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr Justice Christopher Clarke
Banking - Performance bond - Sale of goods (c&f) - Buyers alleging breach of contract - Buyers making call under performance bond in amount exceeding buyers’ true loss - Sellers suffering no actual loss resulting from buyers’ call - Whether seller entitled to immediate repayment of amount overpaid.