Cash Release Dispute Resolved: Supreme Court Upholds High Court Order with Bank Guarantee and Personal Bond as Security

SC dismissed SLP challenging HC order for cash release from vehicle. Court affirmed HC's condition of bank guarantee and personal bond as adequate security. Emphasizing secured amount, SC found no grounds to interfere with lower court's directive. Delay was condoned, and all pending applications disposed of.

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The Supreme Court, through Hon'ble Justices Vikram Nath and Sandeep Mehta, dismissed the Special Leave Petition challenging the High Court's order directing the release of cash seized from the respondent's vehicle. The Court noted that the High Court had conditioned release upon furnishing "bank guarantee(s) and personal bond(s)," ensuring the amount was secured. Emphasizing this safeguard, the Court held, "Once the amount is secured, there is no reason to interfere with the said order." Delay was condoned, and all pending applications were disposed of.

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