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TMI Blog2019 (4) TMI 1762X X X X Extracts X X X X X X X X Extracts X X X X ..... e 29th May, 2019. HELD THAT:- The statement is accepted - In view of this statement made by the learned counsel for the Respondent No.4, we are not inclined to interfere with the show cause notice impugned in this petition. The Respondent No.4 shall pass speaking order after hearing the Petitioners or their authorized representative on or before 29th May, 2019. If any adverse order is passed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gment and order dated 5th April, 2019, passed by the Division Bench of this Court in Writ Petition No.65 of 2018 with Misc. Civil Application Nos.971, 1023 1052 of 2018 directing the Petitioners to furnish a bank guarantee of minimum ₹ 6 crores which was 50% of the liability after considering the penalty and interest. This Court had directed the Petitioners to keep alive the said bank guar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve on or before 29th May, 2019. If any adverse order is passed by the Respondent No.4 against the Petitioners, the same shall not be implemented for a period of two weeks from the date of communication of the order. In that event, the Petitioners shall extend the bank guarantee in question till 30th June, 2019. It is made clear that this Court has not expressed any opinion on merits of this petiti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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