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1987 (9) TMI 14 - HC - Income TaxExtract: .......court below, the natural order that we would pass is to discharge the bank guarantee. However, Mr. Desai says that the bank guarantee should be kept alive for at least eight weeks. After hearing Mr. Taraporwalla for the respondents, we direct that the bank guarantee given by the respondents shall stand discharged with effect from November 23, 1987.
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