2019 (9) TMI 179

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..... hri Ramesh Chandra Prusti, Balaram Pandit, Ms. M. Kabi, Jatinder Singh Dhatt, Ms. Sayani Roy Chowdhury, Priyashree Dutta, Subhankar Chakraborty, Saptarshi Bhattacharjee, Ayan Kr. Boral, Archan Dutt and Sudip Pal Chowdhury, for the Respondent. ORDER Actions taken by the Enforcement Directorate in preventing the operation of the bank accounts of the petitioners are under challenge in the present w .....

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..... 3. Enforcement Directorate and the Banks are represented. 4. Learned Advocate appearing for the banks submits that, the accounts maintained by the petitioners were declared as non-performing assets. 5. Learned Advocate appearing for the erstwhile Dena Bank submits that, the petitioners obtained credit facilities, inter alia, on the pledge of movables including Volvo Buses. On enqu .....

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..... ndia & Ors.) and submits that, it recognizes the authority of Enforcement Directorate to issue an order of prohibition in the manner as contained in the present case. Therefore, there is no lack of jurisdiction on the part of the Enforcement Directorate in making the order as contained in the present case. 7. Having heard the rival contentions of the parties, it would be appropriate to permi .....

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