https://www.taxtmi.com/caselaws?id=203820 The court ordered the respondents to return the cancelled bank guarantee to the petitioner promptly, emphasizing that the guarantee could only be withheld under specific circumstances. Failure to comply would result in a daily penalty of Rs. 1000, recoverable from the responsible officer's salary. The respondents' counsel accepted the order, leading to the petition being allowed, with costs of Rs. 5,000 awarded to the petitioner. en-us Wed, 27 Oct 2010 00:00:00 +0530 Mon, 14 Feb 2011 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203820 The court ordered the respondents to return the cancelled bank guarantee to the petitioner promptly, emphasizing that the guarantee could only be withheld under specific circumstances. Failure to comply would result in a daily penalty of Rs. 1000, recoverable from the responsible officer's salary. The respondents' counsel accepted the order, leading to the petition being allowed, with costs of Rs. 5,000 awarded to the petitioner. Case-Laws Indian Laws Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203820