https://www.taxtmi.com/caselaws?id=396981 The court granted provisional release of funds to the petitioner while retaining a specific amount as security from their bank account. The court directed the petitioner to deposit a bank guarantee for the balance amount, subject to renewal and further orders. The security amount and bank guarantee will be held by the respondent pending final demand adjudication, with rights and contentions of both parties remaining open. The decision aimed to safeguard both parties' interests and enable the petitioner to continue business operations while ensuring the disputed amount is secured for future resolution. en-us Fri, 24 Jul 2020 00:00:00 +0530 Tue, 18 Mar 2025 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396981 The court granted provisional release of funds to the petitioner while retaining a specific amount as security from their bank account. The court directed the petitioner to deposit a bank guarantee for the balance amount, subject to renewal and further orders. The security amount and bank guarantee will be held by the respondent pending final demand adjudication, with rights and contentions of both parties remaining open. The decision aimed to safeguard both parties' interests and enable the petitioner to continue business operations while ensuring the disputed amount is secured for future resolution. Case-Laws GST Fri, 24 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396981