https://www.taxtmi.com/caselaws?id=193622 The High Court of BOMBAY ruled in favor of respondent Nos.1 and 2, allowing them to encash the bank guarantee provided by respondent No.3 after an adverse customs order against the petitioner. The petitioner was directed to file an appeal and seek a stay order, failing which the bank guarantee could be encashed. Both parties were instructed not to encash the guarantee in the interim and to inform respondent No.3 accordingly. No costs were imposed, and parties were to receive an authenticated copy of the order for reference. en-us Thu, 24 Nov 2005 00:00:00 +0530 Wed, 09 Aug 2017 18:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193622 The High Court of BOMBAY ruled in favor of respondent Nos.1 and 2, allowing them to encash the bank guarantee provided by respondent No.3 after an adverse customs order against the petitioner. The petitioner was directed to file an appeal and seek a stay order, failing which the bank guarantee could be encashed. Both parties were instructed not to encash the guarantee in the interim and to inform respondent No.3 accordingly. No costs were imposed, and parties were to receive an authenticated copy of the order for reference. Case-Laws Customs Thu, 24 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193622