1989 (1) TMI 332 - HC - VAT and Sales Tax

Summary

The High Court of Madras allowed the writ petition, directing the respondent to accept the bank guarantee provided by the petitioner for seeking a stay on assessment order. The respondent's refusal to receive the bank guarantee was deemed unwarranted, and the petitioner was justified in seeking relief through the writ petition. The petitioner can now approach the appellate authority for a stay pending appeal, and the operation of the bank account will depend on interim orders by the appellate authority.