HC : Grants 4 month extension for furnishing bank guarantee where substantial amount paid

Gujarat HC grants extension of 4 months for furnishing Bank Guarantee for a sum of Rs.55,00,000/-; Notes that 3 equal monthly instalments as directed by the Court have already been paid, however, fourth instalment could not be paid because bank account was attached as applicant could not furnish bank guarantee within specified time; Further, Petitioner contended that on account of its financial condition, it was not possible to furnish  bank guarantee and that it has not...