Dear Sir,
It is important that you submit the Bank Guarantee in the format as specified by MPCB within the time frame as mentioned in the MPCB Consent to Establish and MPCB Consent to Operate.
You need to ensure that you are fulfilling all the conditions of MPCB Consent at all times. If you violate any condition as mentioned in your consent then Regional Officer or concerned MPCB Field Officer has rights to revoke the Bank Guarantee as a penalty.
The BG is basically to ensure that Industries/Units falling under purview of Air, Water, Hazardous Waste Management, Battery Acts etc. are complying to the conditions as stipulated in the Consent.
Hope this helps.
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