2018 (7) TMI 1823

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..... to the petitioner for Hall Marking and the owners of the articles are prepared to furnish bank guarantee so as to enable the petitioner to claim release of the seized articles - there is no stipulation anywhere that the security shall be furnished by the party claiming release of the seized articles. The writ petition is disposed of directing the third respondent to release the seized articles .....

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..... t (the Act). The confiscation proceedings before the third respondent in furtherance to the seizures are yet to be over. The petitioner seeks directions to the third respondent to release the seized jewelery pending confiscation proceedings. 2. Heard the learned counsel for the petitioner as also the learned Government Pleader. 3. Sub-section (6) of Section 67 of the Act confers power on the .....

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..... ubmitted that he is unable to furnish bank guarantee in terms of sub-rule (1) of Rule 140 of the Rules. It was, however, pointed out that the seized articles belong to third parties, entrusted to the petitioner for Hall Marking and the owners of the articles are prepared to furnish bank guarantee so as to enable the petitioner to claim release of the seized articles. I do not find any stipulati .....

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