https://www.taxtmi.com/caselaws?id=405211 The High Court of Bombay directed Respondent No.4 to return the bank guarantees and bonds to the petitioners within three months, unless a stay order was obtained from the Supreme Court. The court emphasized that in the absence of a stay order, the return should proceed promptly. This decision came after the petitioners sought the return of the guarantees following a customs dispute resolution that favored them. The court considered the delay caused by the pandemic and the ongoing civil appeal but ruled in favor of the petitioners, ordering the return of the guarantees. en-us Mon, 08 Mar 2021 00:00:00 +0530 Wed, 28 Jul 2021 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405211 The High Court of Bombay directed Respondent No.4 to return the bank guarantees and bonds to the petitioners within three months, unless a stay order was obtained from the Supreme Court. The court emphasized that in the absence of a stay order, the return should proceed promptly. This decision came after the petitioners sought the return of the guarantees following a customs dispute resolution that favored them. The court considered the delay caused by the pandemic and the ongoing civil appeal but ruled in favor of the petitioners, ordering the return of the guarantees. Case-Laws Customs Mon, 08 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405211