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TMI Blog2021 (3) TMI 1281X X X X Extracts X X X X X X X X Extracts X X X X ..... of 2021 And Misc. Application No.327 of 2021 And Appeal No.162 of 2021 - - X X X X Extracts X X X X X X X X Extracts X X X X ..... ecovery proceedings were initiated to recover Rs. 49,100 crores from PACL. The Supreme Court of India vide order dated 2nd February, 2016 constituted a Committee headed by Justice R.M. Lodha to sell land and return the money to the relevant investors. Based on further orders being passed by the Supreme Court of India it transpires that the Committee submitted a report based on which the impugned n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e passed without issuing any notice especially when there is no evidence in the impugned order that there is a possibility that the appellants would run away with the money. 5. On the other hand, we find that the appellants is a running Company and the financial year is coming to an end on 31st March. The attachment order attaching the bank accounts is certainly not in the interest of the smooth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rough video conference due to Covid-19 pandemic. At this stage it is not possible to sign a copy of this order nor a certified copy of this order could be issued by the registry. In these circumstances, this order will be digitally signed by the Private Secretary on behalf of the bench and all concerned parties are directed to act on the digitally signed copy of this order. Parties will act on pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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