2008 (3) TMI 304

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.... prayer in this writ petition is to direct the 2nd respondent not to invoke Bank guarantee No. 78/95 till a decision on extension of the period of licence No. P/CG/2133940 dated 1-3-95 now pending consideration of the Grievance Committee of the 1st respondent is taken. 2. It is seen that EPCG Licence No. P/CG/2133940 was granted to the petitioner subject to fulfilment of export application. As ....

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....icence is pending before the 1st respondent as evident from Ext.P4 communication issued by the petitioner and there is nothing to indicate that the said request of the petitioner has been rejected. Indicating the pendency of its request for extension of licence, petitioner has also made Ext.P5 request to the 2nd respondent requesting not to invoke the bank guarantee until a decision is taken by th....