UNION OF INDIA . vs CHOWGULE & COMPANY LTD. — C.A. No. 5764/2001

Summary of C.A. No. 5764/2001 On 09/09/2002, the Supreme Court heard the application for revocation of SLP between Union of India and Chowgule & Company Ltd. The Court accepted an undertaking from Chowgule & Company that any bank guarantee furnished per the August 27, 2001 order would be renewable two months prior to expiry, with Union of India entitled to invoke it thereafter if not renewed. Upon receipt of the bank guarantee and undertaking, Union of India will release the amount to Chowgule & Company within four weeks. The application was disposed of accordingly. This case analysis is maintained by casestatus.in based on publicly available court records.