https://www.taxtmi.com/caselaws?id=332830 The High Court admitted the writ petition based on arguable questions raised by both parties. The court allowed the encashment of the bank guarantee by authorities under the Foreign Trade Act, rejecting the petitioner's request for continued ad-interim relief due to fraudulent activities. The court expedited the case hearing for a timely resolution and denied the petitioner's request for further ad-interim relief to challenge the judgment in a higher court, emphasizing the permissibility of encashing the bank guarantee without refund concerns. en-us Wed, 14 Sep 2016 00:00:00 +0530 Fri, 18 Nov 2016 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332830 The High Court admitted the writ petition based on arguable questions raised by both parties. The court allowed the encashment of the bank guarantee by authorities under the Foreign Trade Act, rejecting the petitioner's request for continued ad-interim relief due to fraudulent activities. The court expedited the case hearing for a timely resolution and denied the petitioner's request for further ad-interim relief to challenge the judgment in a higher court, emphasizing the permissibility of encashing the bank guarantee without refund concerns. Case-Laws Customs Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332830