https://www.taxtmi.com/caselaws?id=281055 The High Court of Delhi heard an appeal challenging the order directing the de-freezing of the petitioner's account. The Court ruled that if the respondent provided a bank guarantee, the accounts could be de-frozen. As the respondent could not furnish a bank guarantee, a stalemate ensued. Emphasizing the need to promptly finalize adjudication proceedings, the Court set aside the Single Judge's order. The appellant agreed to submit remaining documents within two weeks, followed by the respondent filing a show cause within six weeks. The appeal was disposed of without costs, with no opinion rendered on the case's merits or seized cash release. en-us Thu, 19 Aug 2010 00:00:00 +0530 Sat, 01 Jun 2019 09:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281055 The High Court of Delhi heard an appeal challenging the order directing the de-freezing of the petitioner's account. The Court ruled that if the respondent provided a bank guarantee, the accounts could be de-frozen. As the respondent could not furnish a bank guarantee, a stalemate ensued. Emphasizing the need to promptly finalize adjudication proceedings, the Court set aside the Single Judge's order. The appellant agreed to submit remaining documents within two weeks, followed by the respondent filing a show cause within six weeks. The appeal was disposed of without costs, with no opinion rendered on the case's merits or seized cash release. Case-Laws Customs Thu, 19 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281055