https://www.taxtmi.com/caselaws?id=779715 The SC affirmed that the seized vessel should be released subject to conditions, finding no illegality in the lower courts' orders and noting continued seizure would cause disproportionate loss. The respondent must furnish an indemnity bond of Rs. 110 crore, provide two solvent sureties of Rs. 75 crore each as directed by the HC, and furnish two Indian sureties of Rs. 10 crore each in place of the previously ordered bank guarantee. The criminal appeals were disposed of on that basis. en-us Tue, 23 Sep 2025 00:00:00 +0530 Sat, 11 Oct 2025 09:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779715 The SC affirmed that the seized vessel should be released subject to conditions, finding no illegality in the lower courts' orders and noting continued seizure would cause disproportionate loss. The respondent must furnish an indemnity bond of Rs. 110 crore, provide two solvent sureties of Rs. 75 crore each as directed by the HC, and furnish two Indian sureties of Rs. 10 crore each in place of the previously ordered bank guarantee. The criminal appeals were disposed of on that basis. Case-Laws Customs Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779715