The district court ruled in my favor, but the other party appealed. They filed a bank guarantee with the state commission. Now the appeal has been dismissed. Could you please tell me what happened to that bank guarantee?

Apni Law
Apni Law
Law Forum › Category: Consumer Court › The district court ruled in my favor, but the other party appealed. They filed a bank guarantee with the state commission. Now the appeal has been dismissed. Could you please tell me what happened to that bank guarantee?
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Apni Law Staff asked 3 years ago

The district court ruled in my favor, but the other party appealed. They filed a bank guarantee with the state commission. Now the appeal has been dismissed. Could you please tell me what happened to that bank guarantee?

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Apni Law Staff answered 3 years ago

The bank guarantee filed with the State Commission is now released and should be returned to the appellant. The dismissal of the appeal signifies that the District Court’s decision stands, rendering the guarantee redundant.

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