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2009 (12) TMI 970 - HC - Central ExcisePre-deposit - Held that: - the Respondent shall be entitled to invoke and encash the aforesaid Bank Guarantee and on invoking the Bank Guarantee the ABN Amro Bank shall pay the aforesaid amount to the Respondent. On encashment of this Bank Guarantee, the condition of pre-deposit shall be treated as satisfied - petition allowed.
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