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2024 (1) TMI 709 - KERALA HIGH COURTPetitioner’s bank guarantees are being threatened to be invoked for non-payment of remaining amount - Levy of penalty u/s 129 of CGST Act - petitioner has already deposited 25% of the penalty assessed by the Assessing Officer at the time of approaching the 1st appellate authority - HELD THAT:- Let there be an interim order and the respondents are directed not to invoke the bank guarantee of the petitioner with the 5th respondent till disposal of this writ petition subject to the petitioner depositing further 10% of the assessed penalty within a period of two weeks from today. Petition disposed off.
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