HC: Upholds Single Judge order refusing putting any restraint on Bank Guarantee encashment

Kerala HC upholds Single Judge order, rejects assessee’s request to grant the interim relief to restrain encashment of Bank Guarantee (BG) furnished u/s 129 of CGST Act, 2017; Single Judge observed that putting any restrainment on encashment of BG may result in deviating the conditions under which the release was already ordered; Remarks that “If it is granted, it will amount to an order in anticipation that the adjudication will culminate in imposition of penalty” and ...