2016 (9) TMI 1533 - HC - Customs

Grant of interim stay - furnishing of Bank Guarantee - HELD THAT - While adjourning the writ appeal by two weeks, this Court, vide order dated 26.02.2016, granted interim stay of the order impugned. In addition, this Court has further ordered that the respondent shall not withhold the certificate required for import of the product, on condition that the appellant furnishes Bank Guarantee to the tune of Rupees One Crore. Bank Guarantee directed, has been offered. Record of proceedings further shows that stay granted is not restricted and it continues to operate even today. The writ appeal is admitted - Post after two weeks for filing additional counter.

Summary

The Madras High Court granted interim stay of an order and directed the appellant to furnish a Bank Guarantee of Rupees One Crore. The stay continues to be in effect. The court admitted the writ appeal and allowed the appellant to raise two additional grounds, requiring the respondent to file a counter. Postponed for filing additional counter in two weeks.