2012 (3) TMI 173

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..... in the Bank accounts of the petitioners - result of the notices above mentioned, the entire bank operations have been stopped and as a consequence there of, their business operations have also been stopped – Held that:- pendency of the appeals filed by the petitioners, petitioners directed to pay Rs.5 crores in two equal monthly installments - the notice issued by the respondent under Section 22 .....

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..... 3723/2012, aggrieved by this order, they have already filed Ext.P2 appeal and Ext.P3 stay petition which are pending consideration of the 2nd respondent. In so far as the petitioner in writ petition(c).No.3724/2012 is concerned she too has filed Ext.P2 appeal challenging Ext.P1 order of assessment. 3. While the appeals are pending consideration of the appellate authority garnishee notice under S .....

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..... in grievance is regarding Ext.P5 notice issued under Section 226(3) attaching the bank accounts. As already seen, the demand contained in Ext.P5 is for more than Rs.26 crores and according to the Standing Counsel for the respondents substantial amounts are available in the Bank accounts of the petitioners. Petitioners contend that as a result of the notices above mentioned, the entire bank operati .....

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