Personal bond instead of bank guarantee as condition for stay of assessment order allowed

Royal Welding Wires Private Limited Vs Deputy Commissioner (CT) (Madras High Court) Madras High Court allowed the writ petition and directed acceptance of personal bond instead of bank guarantee, as condition for stay of assessment order, pending disposal of appeal in VAT demand matter. Facts- Present Petition is filed under Article 226 of the Constitution of India to issue a Writ of Certiorarified Mandamus to call for the impugned proceedings of the first respondent passed and to quash the same insofar as directing the petitioner to furnish Bank Guarantee for balance tax amount and further di...