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2019 (2) TMI 378 - HC - VAT and Sales Tax


Issues: Application for extension of time limit for depositing a sum of money and furnishing a bank guarantee.

Analysis:
The judgment delivered by the Gujarat High Court involved an application seeking an extension of the time limit granted for depositing a sum of money and providing a bank guarantee. The petitioner, represented by Mr. Krunal Nanavati, argued that they were unable to comply with the previous order due to financial losses in the previous year. On the other hand, Mr. Utkarsh Sharma, representing the respondent, contended that sufficient time had already been granted, and no further relief was warranted. The court noted the previous order directing the petitioner to deposit a specific amount and furnish a bank guarantee by a certain date, which the petitioner could not meet. Considering the circumstances, the court found it just to grant an extension for the petitioner to fulfill the requirements of the previous order.

The court, in its analysis, acknowledged the petitioner's inability to comply within the initial time frame and deemed it appropriate in the interest of justice to allow an extension. The judgment extended the time limit for depositing the specified sum and providing the bank guarantee until a later date. The court clarified that this extension was granted as a one-time relief and no further extensions would be entertained. Ultimately, the application partly succeeded, and the court made the rule absolute to the extent of the granted extension, without imposing any costs on either party.

 

 

 

 

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