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2019 (4) TMI 740 - HC - GSTRelease of Attached Bank Accounts - section 83 of the Central Goods and Service Tax Act, 2017 - Held that - The bank accounts of the petitioner in respect of which the petition has been filed have been released from attachment. Under the circumstances, the grievance voiced in the petition has been resolved - petition disposed off.
Issues:
Removal of attachment of bank accounts under section 83 of the Central Goods and Service Tax Act, 2017. Analysis: The petitioner sought the removal of attachment of specific bank accounts under section 83 of the Central Goods and Service Tax Act, 2017. The court noted that the petitioners offered property as security for releasing the attachment over the bank accounts. The property, valued at &8377; 2.75 crore, was unencumbered. The uncle and father of the company's director offered the property for attachment to secure the government revenue. The court considered this offer and directed the release of the bank accounts subject to certain conditions. The senior standing counsel for the respondents suggested that the petitioner should maintain a certain amount in the bank accounts if the court decides to release the attachment. Consequently, the court directed the respondent to release the attachment over the bank accounts, subject to the uncle and father of the company's director permitting attachment of the offered property. The uncle and father were required to file an undertaking regarding the property within a week. Additionally, the petitioner was instructed to maintain &8377; 50,00,000 in its current account to secure the interest of the revenue. Following the court's interim order, the bank accounts in question were released from attachment. As a result, the grievance raised in the petition was resolved, leading to the disposal of the petition. The court discharged the notice with no order as to costs, indicating the conclusion of the legal proceedings related to the removal of the attachment of the bank accounts under the Central Goods and Service Tax Act, 2017.
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