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<h1>Court allows writ petition by Hindustan Petroleum Corp. against bank guarantee demand, cites Supreme Court precedent.</h1> The High Court of Judicature at Bombay allowed the writ petition filed by Hindustan Petroleum Corporation Ltd against an order demanding a bank guarantee ... Stay/Dispensation of pre-deposit The High Court of Judicature at Bombay allowed the writ petition filed by Hindustan Petroleum Corporation Ltd against an order demanding a bank guarantee by the Assistant Commissioner of Central Excise. The court directed the Appellate Authority to hear the appeal without insisting on any bank guarantee, considering the law laid down by the Supreme Court in a similar matter. The petition was allowed with no order as to costs.