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    <title>Set aside order blocking petitioner&#039;s credit ledger for failure to follow Rule 86-A; relief conditional on Rs.6.5 crore bank guarantee</title>
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    <description>The HC sets aside the impugned order dated 8/9/2025 that blocked the petitioner&#039;s credit ledger account for failure to comply with the procedural mandate of Rule 86-A, noting the absence of contemporaneous reasons and insufficiency of the &quot;reason to believe&quot; standard as applied; the tribunal/authority is also directed to provide a post-decisional hearing which the petitioner is willing to avail. Relief is granted on condition that the petitioner furnishes a bank guarantee from a nationalised bank in the sum of Rs.6,50,00,000. The petition is disposed of accordingly, subject to compliance with the conditional direction and reservation of appropriate administrative follow-up.</description>
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    <pubDate>Fri, 24 Oct 2025 11:07:46 +0530</pubDate>
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      <title>Set aside order blocking petitioner&#039;s credit ledger for failure to follow Rule 86-A; relief conditional on Rs.6.5 crore bank guarantee</title>
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      <description>The HC sets aside the impugned order dated 8/9/2025 that blocked the petitioner&#039;s credit ledger account for failure to comply with the procedural mandate of Rule 86-A, noting the absence of contemporaneous reasons and insufficiency of the &quot;reason to believe&quot; standard as applied; the tribunal/authority is also directed to provide a post-decisional hearing which the petitioner is willing to avail. Relief is granted on condition that the petitioner furnishes a bank guarantee from a nationalised bank in the sum of Rs.6,50,00,000. The petition is disposed of accordingly, subject to compliance with the conditional direction and reservation of appropriate administrative follow-up.</description>
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      <pubDate>Fri, 24 Oct 2025 11:07:46 +0530</pubDate>
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