9911796707
TMI Blog2020 (12) TMI 267X X X X Extracts X X X X X X X X Extracts X X X X ..... 377; 2,71,40,055.00, we are of the view that without entering into other aspects of the matter at this stage, it would meet the ends of justice if the current account No.2511818181 having deposit of ₹ 2,69,16,462.51 remains frozen whereas the other accounts are unfrozen. This we feel will balance the interest of both the sides for the moment. The respondents are directed to unfreeze the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rate to the Kotak Mahindra Bank. 3. From a perusal of the said letter, it is seen that as per the Assistant Commissioner, an amount of ₹ 2,71,40,055.00 may be recoverable from the petitioner. 4. Learned Counsel for the petitioner submits that there has been no adjudication of dues. Though provisional attachment is permissible under Section 83 of the Act conditions stipulated thereund ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etitioner, totalling an amount of ₹ 6,29,95,745.00 which is much beyond the presumptive demand. This has completely paralyzed the business operations of the petitioner. 7. Issue notice. 8. Petitioner to serve the Respondents and thereafter file affidavit of service. 9. The details of the frozen accounts of the petitioner in the Kotak Mahindra Bank as mentioned in paragraph 5.13 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3745920404 1,00,00,000.00 Total 6,29,95,745.00 10. Since as per the provisional attachment dated 9th November, 2020, claim of the respondents is to the tune of ₹ 2,71,40,055.00, we are of the view that without entering into other aspects of the matter at this stage, it would meet the ends of just ..... X X X X Extracts X X X X X X X X Extracts X X X X
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