Bombay High Court Orders Return of Bank Guarantee Despite Pending Revenue Appeal — Penalty for Non-Compliance Imposed. Mere pendency of appeal is not a ground to withhold bank guarantee when no financial recovery is outstanding; department must return within reasonable time.
27 Oct 2010The petitioner, M/s. AVG Impex Pvt. Ltd., filed a writ petition before the Bombay High Court seeking the return of a bank guarantee furnished to the C...
