2019 (12) TMI 104

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..... f the fact that the petitioner has extended the bank guarantees upto 06.05.2021, this Court is of the view that the interest of the parties will be protected, if the second respondent is directed to accept the extended bank guarantees and consequently, the first respondent is directed to extend the stay till the disposal of the appeals, also with a direction for disposal of the appeals within a time stipulated by this Court. The petitioner shall furnish the extended bank guarantees before the second respondent within a period of seven days from the date of receipt of a copy of this order - Petition allowed. - W.P.Nos.32597 & 32600 of 2019 And W.M.P.Nos.32976 & 32977 of 2019 - - - Dated:- 21-11-2019 - Mr. Justice K. Ravichandra .....

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..... pay a sum of ₹ 3,13,850/- and to furnish bank guarantee for the balance amount of tax of ₹ 70,30,045/- in respect of the assessment year 2000-2001 and pay a sum of ₹ 1,19,75,141/- and to furnish bank guarantee for the balance amount of tax of ₹ 2,39,50,271/- in respect of the assessment year 2001- 2002. It is stated that the petitioner has complied with both the conditions in respect of both the assessment years. The grievance of the petitioner is that the appeals have not been disposed of so far and however, the stay granted for the period of six months expired on 25.10.2019. 5. The learned counsel for the petitioner submitted that the petitioner extended the bank guarantee in both the cases till 0 .....

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..... e first respondent is directed to extend the stay till the disposal of the appeals, also with a direction for disposal of the appeals within a time stipulated by this Court. 8. Accordingly, both these Writ Petitions are disposed of by issuing the following directions: (a) The petitioner shall furnish the extended bank guarantees before the second respondent within a period of seven days from the date of receipt of a copy of this order. (b) On receipt of such bank guarantees, the second respondent shall inform the first respondent about the same within a period of seven days thereafter. (c) On receipt of such information, the first respondent/Appellate Authority shall extend .....

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