2020 (12) TMI 268

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..... ce the interest of both the sides for the moment. The respondents are directed to unfreeze the other accounts of the petitioner lying with the Kotak Mahindra Bank except current account No.2511818181 which shall remain frozen till the next date - Stand over to 17th December, 2020. - WRIT PETITION (L) NO.7096 OF 2020 - - - Dated:- 2-12-2020 - UJJAL BHUYAN ABHAY AHUJA, JJ. Mr. Prakash Shah i/b. Mr. Dharan Gandhi, for the Petitioner. P.C:- Heard Mr. Prakash Shah, learned Counsel for the petitioner. 2. Leave granted to the Petitioner to make amendment in the Petition. Re-verification is dispensed with. 3. Challenge made in this writ petition is to the provisional attachment of bank accounts of the petitioner under S .....

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..... has completely paralyzed the business operations of the petitioner. 8. Issue notice. 9. Petitioner to serve the Respondents and thereafter file affidavit of service. 10. The details of the frozen accounts of the petitioner in the Kotak Mahindra Bank as mentioned in paragraph 5.13 of the writ petition are extracted herein below:- Type of Account Account No. Balance as on date Current Account 8611761716 2,04,404 Fixed Deposit 5114164251 10,000.00 Fixed Deposit 5118300326 43,592.00 .....

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..... 8879 7,90,000.00 Savings Account 6011787626 5,07,642.71 Total 1,97,28,403.00 11. Since as per the provisional attachment dated 9th November, 2020, claim of the respondents is to the tune of ₹ 6,83,85,272.00, 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 savings account Nos.8611761716 and 6011787626 having deposits of ₹ 2,04,404.00 and ₹ 5,07,642.71 respectively are unfrozen while the other accounts remain frozen. This we feel will balance the interest of both the sides for the moment. 12. Accordingly .....

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