‘High Courts not custodian of revenue’: SC stays Bombay HC order blocking Rs 256 crore refund to firm
The Supreme Court has overturned a Bombay High Court order that had stayed the refund of Rs 256.45 crore to a firm, asserting that High Courts are not the custodians of the revenue department. The apex court criticized the High Court for issuing a stay after deeming the revenue department's appeal unmaintainable.