NTPC to Provide Bank Guarantee in Customs Dispute: Compliance Order Issued

The National Thermal Power Corporation was directed to furnish a bank guarantee in favor of the Commissioner of Customs. The court ordered the corporation to provide the bank guarantee within 8 weeks from the date of the judgment. The interim order issued in December 2017 will remain in effect until the guarantee is provided. The writ petition was disposed of with specific directions for compliance, and the parties were to receive a copy of the order for their records and further action.

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Issues:
1. Bank guarantee to be furnished by National Thermal Power Corporation in favor of the Commissioner of Customs.
2. Disposal of the writ petition with specific directions.

Analysis:
1. The judgment revolves around the issue of the National Thermal Power Corporation being directed to furnish a bank guarantee in favor of the Commissioner of Customs. The counsel for the respondent No. 2 informed the court that they have obtained instructions in the matter. The learned counsel emphasized that the National Thermal Power Corporation must provide a bank guarantee to the Commissioner of Customs. The petitioner's counsel, Mr. Dayan Krishnan, expressed no objection to the writ petition being disposed of, subject to the fulfillment of the necessary requirements within a specified timeframe.

2. Consequently, the court ordered that the National Thermal Power Corporation must furnish a bank guarantee within 8 weeks from the date of the judgment. Until the bank guarantee is provided to the Commissioner of Customs, the interim order issued by the court on 18th December, 2017, will remain in effect. The court disposed of the writ petition with the aforementioned directions, ensuring compliance with the necessary legal procedures. The judgment concludes with the term "Dasti," indicating that a copy of the order should be provided to the parties for their records and further action.

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