https://www.taxtmi.com/caselaws?id=419603 The Court granted the Writ of Mandamus for the return of a Bank Guarantee issued by Axis Bank, following the invalidation of the adjudication order based on the Supreme Court's ruling in Canon India case. The respondents were directed to return the Bank Guarantee within two weeks, emphasizing the necessity of legal authority in retaining such guarantees. The judgment favored the petitioner, highlighting the importance of complying with established legal principles as determined by higher courts. en-us Mon, 28 Feb 2022 00:00:00 +0530 Wed, 16 Mar 2022 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419603 The Court granted the Writ of Mandamus for the return of a Bank Guarantee issued by Axis Bank, following the invalidation of the adjudication order based on the Supreme Court's ruling in Canon India case. The respondents were directed to return the Bank Guarantee within two weeks, emphasizing the necessity of legal authority in retaining such guarantees. The judgment favored the petitioner, highlighting the importance of complying with established legal principles as determined by higher courts. Case-Laws Customs Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419603