https://www.taxtmi.com/caselaws?id=108384 The Court set aside the decisions of the Debt Recovery Tribunal and Appellate Tribunal regarding the enhancement of a Bank Guarantee. The Bank successfully challenged the tribunal orders, with the Court ruling in favor of the Bank's request for the Bank Guarantee enhancement as per the original court order. The Court directed the debtor to renew the Bank Guarantee and provide an enhanced Bank Guarantee within eight weeks, quashing the tribunal orders and denying the Respondents' request for a stay. No costs were awarded in the matter. en-us Mon, 27 Jan 2003 00:00:00 +0530 Sat, 31 Mar 2012 13:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108384 The Court set aside the decisions of the Debt Recovery Tribunal and Appellate Tribunal regarding the enhancement of a Bank Guarantee. The Bank successfully challenged the tribunal orders, with the Court ruling in favor of the Bank's request for the Bank Guarantee enhancement as per the original court order. The Court directed the debtor to renew the Bank Guarantee and provide an enhanced Bank Guarantee within eight weeks, quashing the tribunal orders and denying the Respondents' request for a stay. No costs were awarded in the matter. Case-Laws Companies Law Mon, 27 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108384