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TMI Blog2019 (7) TMI 239X X X X Extracts X X X X X X X X Extracts X X X X ..... uld not furnish the bank guarantee within the period specified by this court - HELD THAT:- When the amount due and payable is ₹ 55,00,000/and three equal monthly installments have already been paid and the fourth installment could not be paid on account of the bank account of the applicant being attached, the court is of the view that the request of the applicant for extending the period for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R ZUBIN F BHARDA For The RESPONDENT (s) : MR ANKIT SHAH IA ORDER ( PER : HONOURABLE MS.JUSTICE HARSHA DEVANI) 1. Leave to amend the relief clause. 2. Rule. Mr. Ankit Shah, learned Senior Standing Counsel, waives service of notice of rule on behalf of the respondents. 3. By this applica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6. Mr. Bharda, learned advocate for the applicant, submitted that the first three installments have already been paid and that the fourth installment could not be paid because the bank account of the applicant has been attached by the respondent authorities as the applicant could not furnish the bank guarantee within the period specified by this court. It was submitted that having re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hs from today. 7. Mr. Ankit Shah, learned Senior Standing Counsel for the respondent, submitted that the court has granted sufficient time to the applicant for furnishing the bank guarantee. He, however, has not disputed the fact that the applicant has paid first three installments within the time limit stipulated by the court. 8. Having regard to the facts recorded ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2017 for attaching the bank accounts of the applicant. 9. For the foregoing reasons, the application succeeds and is, accordingly, allowed. The period for furnishing bank guarantee for a sum of ₹ 55,00,000/( rupees fifty five lakhs), as directed vide order dated 08.02.2019, is extended for a further period of FOUR MONTHS from today. In case the applicant makes any default in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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