https://www.taxtmi.com/caselaws?id=314348 The Court declined to permit substitution of a provisional attachment with a bank guarantee. It held that the comparable relief in the cited precedent had not been granted in that form, but security by a fixed deposit receipt of a nationalised bank with a lien in favour of the investigating agencies had been accepted. As the respondents raised no objection to that mode of security, the Court directed that furnishing the fixed deposit receipt with lien within the stipulated time would result in lifting the provisional attachment. en-us Fri, 21 Apr 2023 00:00:00 +0530 Sat, 01 Jun 2024 15:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314348 The Court declined to permit substitution of a provisional attachment with a bank guarantee. It held that the comparable relief in the cited precedent had not been granted in that form, but security by a fixed deposit receipt of a nationalised bank with a lien in favour of the investigating agencies had been accepted. As the respondents raised no objection to that mode of security, the Court directed that furnishing the fixed deposit receipt with lien within the stipulated time would result in lifting the provisional attachment. Case-Laws Money Laundering Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314348