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TMI Blog2021 (6) TMI 219X X X X Extracts X X X X X X X X Extracts X X X X ..... ng allegation against the petitioner is that the suspended CMD has personal interest in the petitioner-company being an associate company, which is however, a disputed fact required to be investigated by the police. Freezing of all the bank account as indicated would certainly cause unnecessary hardship, which may not be necessary for the investigation of the present FIR in view of the nature of accusation made therein as well as in view of the offer made by the petitioner to furnish a bond - the petitioner is entitled to the interim relief as sought for. Application disposed off. - Criminal Petition No. 454 of 2020 and I. A. (Crl.) No. 453 of 2020. - - - Dated:- 4-2-2021 - Mir Alfaz Ali J. For the Petitioner : D. Chakraborty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.50 lakhs from the NPIL on April 18, 2020 there was an outstanding amount of approximately ₹ 39.62 lakhs as on June 7, 2020 due from the NPIL. However, in the meantime, an FIR was lodged by respondent No. 2, who has been appointed as the resolution professional in respect of NPIL alleging that the suspended CMD of the NPIL siphoned off of ₹ 32.50 lakhs by way of transferring the same to the account of the petitioner without authority. In connection with the Margherita P. S. Case No. 112 of 2020, which was registered on the basis of the said FIR, and upon instruction from respondent No. 2, the ICICI Bank Ltd., Chandrasekarpur Branch, Bhubaneswar proceeded to mark lien on the account of the petitioner. The bank account of the cre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spondent submits that the petitioner has filed another writ petition being W. P. (C) No. 118 of 2020 before the Itanagar Permanent Bench of this court relating to the same issue and as such, no interim order can be passed in the present petition, inasmuch as, the issue pertaining to the interim relief sought herein was also involved in the said writ petition. In response to the above submission, learned counsel for the petitioner submits that the petitioner is ready to give an undertaking to withdraw the said writ petition filed before the Itanagar Permanent Bench, if an interim order is made subject to the condition of withdrawal of the said writ petition. 7. From the material on record, it is apparent that there was business relation b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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