Bank Guarantee Imposed in Furtherance Freezing Accounts Unwanted: Supreme Court [Read Order]

Bank Guarantee Imposed in Furtherance Freezing Accounts - Supreme Court - Bank Guarantee - Freezing Accounts - Taxscan

The Supreme Court recently ruled that the requirement of a bank guarantee in relation to freezing accounts is unnecessary and unwanted. M/s. Jermyn Capital LLC Dubai, a Foreign Institutional Investor permitted by the Securities and Exchange Board of India (SEBI) to engage in buying and selling shares and securities in the Indian Stock Market, faced…

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