M/S. Priyanka Enterprises v. the State of Maharashtra
Case brief
What is this about?
The High Court of Bombay dismissed an application by a decree-holder appellant to withdraw deposited amounts by furnishing a Bank Guarantee from a Nationalised Bank, holding that a guarantee from any other Scheduled Bank or Co-operative Bank suffices.
What did the court decide?
Application to withdraw deposited amount by furnishing Nationalised Bank guarantee was rejected and disposed of.