1993 (7) TMI 83 - HC - Customs

Summary

The State Bank of Saurashtra advanced a loan to respondent No. 2 for a vessel, which was later confiscated by Customs for smuggling activities. The Bank's claim for auction proceeds was dismissed by the High Court of Bombay in a petition under Article 226 of the Constitution. The court ruled the petition as without substance and discharged the rule without costs. (Citation: 1993 (7) TMI 83 - HIGH COURT OF JUDICATURE AT BOMBAY)