2023 (1) TMI 840

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..... s, there would be no possibility of the petitioner reviving its business - HELD THAT:- There is a serious apprehension that the merchants are not genuine. However, he concedes that as far as monies belonging to genuine merchants are concerned; the disbursement cannot be interdicted. The present petition is disposed of with liberty to the petitioner to apply afresh in case the petitioner is aggriev .....

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..... assed by the learned Principal Additional Director General, DGGI, DZU (Respondent No.1) freezing / attaching Escrow Bank Account No.017261100000041 and Current Account Number 017281300000462 both maintained at Yes Bank Limited, Gurugram: (b) to issue writ of certiorari or any other appropriate writ, order or directions, quashing the order dated 06.10.2022 passed by the learned SIO, DGGI, DZU (Re .....

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..... services rendered by the petitioner, are then transferred to its current account. The funds that remain are not funds belonging to the petitioner but are those belonging to various merchants and are required to be paid to them. 5. The petitioner is aggrieved as the respondents have frozen the escrow account as well as its current account. Resultantly, the petitioner can no longer carry on its bu .....

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