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TMI Blog2012 (11) TMI 14X X X X Extracts X X X X X X X X Extracts X X X X ..... o reason to continue the attachment covered by Ext.P6 once the petitioner furnishes adequate security to take care of the interest of the respondents. With this in mind writ petition is disposed off - petitioner shall deposit an amount of Rs.75,00,000/- within one month and the title deeds pertaining to the property - property is free from encumbrance and that they will not deal with the property ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate development. For the assessment year 2008-09, Ext.P1 order was passed by the 1st respondent fastening liability on the petitioner. Against that order, petitioner filed appeal in which Ext.P2 order was passed by the appellate authority reducing the liability to a considerable extent. That order was implemented and accordingly, Ext.P3 revised order was passed. That was subsequently rectified and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alternate security. Petitioner also pointed out that according to them, the value of the property is more than Rs.2.95 crores. However by Ext.P9 dated 4/9/12, they were informed that the request for release of the property attached by Ext.P6 accepting the property offered in Ext.P8 cannot be considered "at this stage". It is in these circumstances, the writ petition is filed. 3. I heard the lea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... P6 once the petitioner furnishes adequate security to take care of the interest of the respondents. With this in mind, I dispose of the writ petition with the following directions:- (1) That the petitioner shall deposit an amount of Rs.75,00,000/- (Rupees Seventy five lakhs only) within one month. (2) Petitioner shall also deposit the title deeds pertaining to the property mentioned in Ext.P8 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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