Bank Guarantee Condition: ad-interim relief granted only if petitioner furnishes guarantee; encashment restrained briefly after decision.

Ad-interim relief was conditionally granted subject to the petitioner furnishing a bank guarantee from a nationalised bank within six weeks; the court recorded waivers of service for specified respondents and issued notice. The operative condition imposed a bank guarantee requirement and the authorities were restrained from encashing that guarantee for a period of two months following the final decision in the writ petition. The ad-interim relief was confined to the next listed date and is explicitly contingent on compliance with the guarantee condition.

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Issues: Whether ad-interim relief should be granted to the petitioner on the condition of furnishing a bank guarantee and whether the authorities should be restrained from encashing the same for a limited period.

Analysis: The Court directed issuance of notice and recorded waivers of service for specified respondents. The Court ordered the petitioner to furnish a bank guarantee of Rs. 40,00,000 from a nationalised bank within six weeks. The authorities were restrained from encashing the bank guarantee for a period of two months following the final decision in the writ petition. The ad-interim relief was limited to the next date only and is conditional upon the furnishing of the bank guarantee.

Conclusion: Ad-interim relief granted in favour of the petitioner on the condition that the petitioner furnishes a bank guarantee of Rs. 40,00,000 within six weeks; the authorities are restrained from encashing the bank guarantee for two months post the decision of the writ petition.

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