P&H HC Stays Corporate Guarantee Proceedings: CBIC Asked to Respond

Acme Cleantech Solutions Pvt Ltd Vs Union of India And Others (Punjab and Haryana High Court)

Introduction: In a significant development, the Punjab and Haryana High Court has intervened in the ongoing nationwide proceedings concerning corporate guarantee matters. This article explores the court’s decision to stay the proceedings pending a response from the Central Board of Indirect Taxes and Customs (CBIC) and analyzes its legal implications.

Detailed Analysis: The court’s decision to stay the c

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