2006 (3) TMI 766

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....a And J. P. Devadhar, JJ. For the Petitioners : D. B. Shroff, H. B. Daruwalla, H. N. Vakil, M/s. Mulla & Mulla For the Respondents : A. J. Rana, P. S. Jetley JUDGMENT R. M. Lodha, J. We heard Mr.D.B.Shroff, the learned senior counsel for the petitioners and Mr.A.J.Rana, the learned senior counsel for the revenue. 2. On 22nd November 1999 while issuing rule this Court passed the f....

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....ed in Rule 173C(4). For both reasons, we are inclined to grant the interim relief in the present writ petition. 3. Interim relief in terms of prayer clause c(i) and c(ii) only. 4. This interim relief does not prevent the Revenue from withdrawing the impugned order, issuing a Show Cause Notice and giving a fresh hearing to the petitioners with regard to the finalisation of the Pro....

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.... per the interim order passed by this Court on 22nd November, 1999. Obviously, upon setting aside the order in original (Exhibit "J"), the demand (Exhibit "K-1") does not survive and, consequently, the encashment of Bank Guarantee in the sum of Rs. 37.5 lacs by the respondents cannot be sustained. 4. We, accordingly, dispose of this writ petition by the following order: (i) The respond....