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finnpearl   05 April 2018

Bank guarantee

Hi,

one of my client raised BG of six month up to mar 2018 for enter in to contract with his customer, afterwords raising BG client has not deliver BG to his customer and later on agreement got cancelled and BG period expired. Now bank asking for Discharge Letter of Customer. But fact my cleint never deliver BG to his customer and BG period expired on 31st mar 18. Please suggest what i can do to realise the marginmoney used for BG?



Learning

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