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2019 (5) TMI 445 - HC - VAT and Sales TaxDemand of Bank Guarantee from dealers - HELD THAT:- This petition is taken out by urgent circulation. The respondents have appeared on advance notice. They would require time for filing reply. Without gathering full facts and response from the respondents, we do not find this fit case for grant of reliefs as prayed for. Prima facie it would appear that the action taken by the Indian Oil flows from historical background, mentioned in the impugned communication and noted above. Further, essentially, the relationship between the dealers and Indian Oil Corporation is one of contractual nature. It may be that Indian Oil being a State within the meaning of Article 12 of the Constitution of India would have to act reasonably, even in course of such contractual relation.
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