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2017 (1) TMI 687 - HC - VAT and Sales TaxEncashment of Bank Guarantee - bank guarantee proposed to be kept alive, till appellate Tribunal dispose of the application that may be filed by petitioner for stay of the disputed tax demand, and in that event first respondent would not precipitate the matter - Held that: - Till disposal of the said application, first respondent shall not encash the bank guarantee and in the event of cheque having been issued by second respondent – Bank, same shall not be presented for its encashment - Writ petition stands disposed of by reserving liberty to the petitioner herein to file a second appeal before the Karnataka Appellate Tribunal, Bengaluru on or before 10.01.2017 - petition disposed off - decided in favor of petitioner.
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