https://www.taxtmi.com/caselaws?id=42523 The Court found in favor of the Petitioners, directing the Respondents to refund the sum of Rs. 2,63,967.75 with interest at 18% per annum from the date of encashment. The Court deemed the Respondent's actions as illegal and mala fide for encashing the bank guarantee against the court order and failing to refund the amount. The Court emphasized the importance of complying with court orders and awarded costs to the Petitioners, stressing the need for prompt refund. en-us Mon, 24 Apr 1989 00:00:00 +0530 Fri, 11 Jun 2010 17:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42523 The Court found in favor of the Petitioners, directing the Respondents to refund the sum of Rs. 2,63,967.75 with interest at 18% per annum from the date of encashment. The Court deemed the Respondent's actions as illegal and mala fide for encashing the bank guarantee against the court order and failing to refund the amount. The Court emphasized the importance of complying with court orders and awarded costs to the Petitioners, stressing the need for prompt refund. Case-Laws Customs Mon, 24 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42523