2017 (8) TMI 1029

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....i Sanjeev Narula and Abhishek Ghai, Advocates, for the Respondent. ORDER CM No. 11703/2017 (for exemption) : Allowed, subject to all just exceptions. 2. The application stands disposed off. CUSAA 17/2017 & CM No. 11702/2017 3. Issue notice. Mr. Sanjeev Narula, Advocate accepts notice on behalf of the respondent. 4. With the consent of the parties, the appeal is tak....

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....y it were appropriated towards due demand and that the amount is equivalent to 25% of the penalty levied, too was appropriated from the Bank Guarantee furnished. 7. Having considered the submissions made by the parties, the Court is of the opinion that in the peculiar circumstances of the case, the larger interest of justice would be subserved if the appellants' contentions are accepted. I....