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2019 (2) TMI 378 - HC - VAT and Sales TaxExtension of time granted for deposit of Bank Guarantee - extension sought on the ground that the applicant has suffered a loss in the financial year 2017-18 - Held that:- This court had directed the petitioner to deposit a sum of ₹ 20 lakhs with the respondent authorities latest by 30.11.2018 and to further furnish a bank guarantee of a similar amount which should be kept alive till the first appeal is disposed of. However, for the reasons set out in the memorandum of application and as submitted before the court, the applicant is not in a position to deposit the same within the aforesaid time limit. The court is of the view that the interest of justice would best be served if suitable time is granted to the applicant for depositing the sum of ₹ 20,00,000/- and furnishing the bank guarantee in compliance of the order dated 24.10.2018 passed by this court - application allowed in part.
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