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2016 (9) TMI 1091 - HC - CustomsStay of interim order for a period of four weeks so as to enable the petitioner to challenge the order passed in higher court - encashment of Bank Guarantee - imported corn - entitlement to petitioner of equitable and discretionary interim relief - Held that: - When the encashment is by the authorities under the Foreign Trade Act, 1992 and the Central Government, no reason seen for the apprehension on the part of the petitioner that in the event they succeed, the amount would not be returned back by the authorities. The Government and such competent authorities can encash the bank guarantee - stay of interim order rejected - petition dismissed - decided against petitioner.
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