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    <title>2025 (9) TMI 483 - BOMBAY HIGH COURT</title>
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    <description>HC permitted the applicant company to withdraw Rs. 52,01,42,105 plus accrued interest from court-deposited sale proceeds of mortgaged property, subject to furnishing a bank guarantee from a nationalized bank to the Registrar, Appellate Side, HC, kept alive until the First Appeal is disposed. The guarantee must be renewed; if not, the Registrar shall invoke it and return the proceeds to court. The interim application is disposed of on these terms.</description>
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      <link>https://www.taxtmi.com/caselaws?id=777994</link>
      <description>HC permitted the applicant company to withdraw Rs. 52,01,42,105 plus accrued interest from court-deposited sale proceeds of mortgaged property, subject to furnishing a bank guarantee from a nationalized bank to the Registrar, Appellate Side, HC, kept alive until the First Appeal is disposed. The guarantee must be renewed; if not, the Registrar shall invoke it and return the proceeds to court. The interim application is disposed of on these terms.</description>
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      <law>Money Laundering</law>
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