https://www.taxtmi.com/caselaws?id=774867 Bombay HC admitted appeals on questions of law but denied unconditional stay of penalty imposed for negligence/abetment. Court held banks cannot claim preferential treatment despite strong financial positions. Directed respondents not to take coercive recovery action provided appellants deposit penalty amounts or furnish bank guarantee within four weeks with proper intimation. Failure to comply would automatically vacate interim relief, allowing penalty recovery without further court reference. en-us Wed, 09 Jul 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774867 Bombay HC admitted appeals on questions of law but denied unconditional stay of penalty imposed for negligence/abetment. Court held banks cannot claim preferential treatment despite strong financial positions. Directed respondents not to take coercive recovery action provided appellants deposit penalty amounts or furnish bank guarantee within four weeks with proper intimation. Failure to comply would automatically vacate interim relief, allowing penalty recovery without further court reference. Case-Laws FEMA Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774867