Bank guarantee - Supreme Court in CCE v. Dunlop India Ltd. (1984 ...
Supreme Court Rules State Cannot Rely on Bank Guarantees in CCE v. Dunlop India Ltd.; Rs. 60 Lakh Denied.
February 7, 2012
Case Laws Central Excise HC
Bank guarantee - Supreme Court in CCE v. Dunlop India Ltd. (1984 -TMI - 40039 - SUPREME Court) has held that the State is not run on the Bank Guarantees. Therefore, no permission is granted to appellant to furnish Bank Guarantee to the extent of Rs.60 lacs.... - HC
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