Invocation of expired bank guarantees by Customs department impermissible: Kerala HC

Itma Hotels India Private Limited Vs Additional Commissioner of Customs (Kerala High Court)

Kerala High Court held that invocation of the expired bank guarantees by Customs Department is not permissible under the law. Thus, writ petition is allowed.

Facts- The appellant/writ petitioner was under Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 initiated by the National Company Law Tribunal, Kochi.

The petitioner had for the purpose of running a hotel, imported various capital goods from abroad under the Export Pro

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