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<h1>Tribunal rules bank guarantee in Form XIX-C valid, orders in favor of petitioner</h1> The Tribunal ruled in favor of the petitioner, stating that the bank guarantee in form XIX-C should have been accepted, as it complies with the law. The ... - The petitioner was directed to furnish a bank guarantee pending appeal, but the guarantee from a bank outside Tamil Nadu was not accepted. The Tribunal ruled that the bank guarantee in form XIX-C should have been accepted as it complies with the law. The order was issued on April 19, 1996, allowing the petition.
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