2004 (4) TMI 66

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..... t which appeal is pending before Tribunal – Held that till pendency of the appeal, recovery proceedings was liable to be stayed - it is directed that in case the petitioner deposits Rs. 50,000 with respondent No.2 within a period of two weeks from today, respondent No.2 shall release the bank account of the petitioner for a period of 60 days thereafter, so that the petitioner may seek an interim o .....

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..... e bank account of the petitioner in the bank of respondent No.3. Previously, the petitioner deposited Rs. 50,000 with respondent No.2. On depositing the aforesaid amount, respondent No.2 released the bank account on April 1, 2003, vide annexure P-5, but at present, without awaiting the decision in appeal, respondent No.2 has proceeded to recover the amount. He has placed his reliance on three judg .....

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..... oresaid difficulty. Considering the aforesaid, it is directed that in case the petitioner deposits Rs. 50,000 with respondent No.2 within a period of two weeks from today, respondent No.2 shall release the bank account of the petitioner for a period of 60 days thereafter, so that the petitioner may seek an interim order from the Tribunal. With the aforesaid directions, this petition stands fin .....

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