9911796707
TMI Blog2022 (3) TMI 948X X X X Extracts X X X X X X X X Extracts X X X X ..... f Bihar and this Adjudicating Authority had directed that since the Corporate Debtor was in the course of liquidation and in order to have completion of process of liquidation in expeditious manner, the department shall release the accounts which have been seized. The Income Tax Department are directed to immediately remove their lien from the Bank Account No. 691011002989, 691044000138 in Kot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1002989, 691044000138. 3. It is submitted that following initiation of Liquidation process, the Liquidator sent letter to the Banks intimating such initiation of Liquidation proceedings and requesting for closure of existing accounts. It is further submitted that letter was sent to Kotak Mahindra Bank for transfer of amount existing in the name of Corporate Debtor with their Bank and subsequent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o action coming forth from any of the respondent. 5. Notice of this application was issued by this Adjudicating Authority on 21st December, 2021 and opportunity was also given to file reply within two weeks of receipt of notice. In spite of the service of notice to the Respondent, there was no appearance on behalf of the Respondents. When the matter was listed on 9th February, 2022, there was n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mahindra Bank is directed to defreeze the account on the basis of this order in CA(IB) No. 1149/KB/2019. CA(IB) No. 1149/KB/2019 stands disposed off . 6. We find that in CP (IB) 1149/KB/2019, the account of the Corporate Debtor had been seized at the instance and directions of Commercial Taxes, State of Bihar and this Adjudicating Authority had directed that since the Corporate Debtor was in t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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