Court Upholds Circular Requiring Bank Guarantee for Advance License Holders; No Violation of Articles 14, 19(1)(g.

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....Constitutional validity of circular - When larger public interest is sought to be sub-served by denying exemption to such Advance License holders from the condition of furnishing of bank guarantee that we are of the opinion that the mandate enshrined in Articles 14 & 19(1)(g) of the Constitution of India has not been violated - HC....