EUROPEAN ASIAN BANK A.G. v. PUNJAB AND SIND BANK
 1 Lloyd's Rep. 611
COURT OF APPEAL
Before Lord Justice Slade and Lord Justice Robert Goff
Banking - Letter of credit - Non-payment - Indian buyers purchased cloves from Singapore sellers - Buyers informed vessel and cargo lost - Buyers obtained injunction in Indian Court restraining defendants from paying under letter of credit - Plaintiffs brought action in England - Whether plaintiffs entitled to summary judgment - Whether defendant entitled to leave to defend.