Home Case Index All Cases Money Laundering Money Laundering + SCH Money Laundering - 2024 (1) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2024 (1) TMI 1122 - SC ORDERSeeking direction to respondent to accept the Bank Guarantee furnished by the petitioner in lieu of Fixed Deposits - HELD THAT:- It is not in dispute that the Fixed Deposits submitted by the respondent have been encashed by the appellant and the entire amount covered by the Fixed Deposits has been invested by the appellant in a Fixed Deposit. The impugned interim order is modified by directing that the Bank Guarantees furnished by the respondent be returned to the respondent. We direct that the appellant will continue to renew the Fixed Deposit till the final disposal of the appeal before the High Court. At the time of finally disposing of the appeal, the High Court will consider the prayer made by the respondent regarding entitlement of the respondent to receive the interest accrued on the Fixed Deposit. Appeal disposed off.
|