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of <h1>Court Orders Release of Goods with Bank Guarantees, Ownership Dispute to Continue</h1> The court directed respondent No.2 to release the goods and vehicle within seven days upon the petitioner furnishing a bank guarantee of Rs. 20,51,833 and ... Detention of goods as well as vehicle - all the relevant documents are available for the transaction - petitioner submits that the petitioner is prepared to furnish bank guarantee towards the total liability arising out of award - HELD THAT:- The present petition is disposed of with direction to the respondents to release the goods and vehicle in question within a period of seven days from toda8y after imposing the conditions, subject to the petitioner furnishing bank guarantee to the tune of ₹ 20,51,833/-and bank guarantee for ₹ 1,02,591/- as a penalty plus tax amount. Issues: Detention of goods and vehicle, legality of detention, release of goods and vehicle, bank guarantee, penalty and tax liability, ownership of goods and vehicleThe judgment addressed the issue of the detention of goods and a vehicle by respondent No.2, with the petitioner claiming the detention was illegal, arbitrary, and without jurisdiction due to the availability of all relevant documents for the transaction. The petitioner sought the quashing of the impugned order for tax and penalty, the notice for confiscation, and the release of the goods and vehicle without requiring any security. The petitioner's counsel requested the release of the goods and vehicle, offering to provide a bank guarantee for the total liability arising from an award dated 15.01.2019. The respondents' counsel opposed this submission. The court disposed of the petition by directing the respondents to release the goods and vehicle within seven days, subject to the petitioner furnishing a bank guarantee of Rs. 20,51,833 and an additional bank guarantee for Rs. 1,02,591 as penalty and tax amount. However, the court clarified that this order did not prejudice the respondent's claim regarding the ownership of the goods and vehicle, indicating that the issue of ownership would be subject to a final decision.
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