2021 (1) TMI 799 - HC - GST

Release of attached Bank Accounts - it is informed that there is an amount of about ₹ 40,000 odd in the bank account which has been frozen but monies are due from the overseas buyers to the petitioner and receipt whereof also is held up owing to the account having been frozen - HELD THAT - The amount already lying in the account may be ordered to remain frozen in the account and/or be directed to be kept in a fixed deposit and the operation of the account can otherwise be permitted. We would like to hear the counsels on, whether in pursuance to the order under Section 83 of the Central Goods and Services Tax Act, 2017, the respondents are entitled to any further monies also received in the account beyond the date on which the order of freezing is made. List for hearing of the petition as well as also on this aspect on 24 th February, 2021.

Summary

The High Court of Delhi heard a case involving a frozen bank account with about Rs. 40,000. The petitioner's business was affected due to the freeze. The court proposed keeping the frozen amount in a fixed deposit while allowing other account operations. The next hearing is scheduled for 24th February, 2021 to discuss further funds received after the freezing order.