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TMI Blog2022 (9) TMI 1592X X X X Extracts X X X X X X X X Extracts X X X X ..... nt as the Appellate Authority was not available - HELD THAT:- It is reported that now the Appellate Authority is available and therefore, the petitioners proposed to approach the Appellate Authority to challenge the order of attachment. Release of attached properties - HELD THAT:- As the petitioner is ready and willing to deposit Rs. 3,00,00,000/- in fixed deposit in any nationalised Bank with the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sarthak Salhden, Adv., Mr. Wattan Sharma, Adv., Ms. Namisha C., Adv., Iia Mahajan, Adv., Mr. Nikilesh Ramachandran, AOR For the Respondent : Mr. S. V. Raju, ASG, Mr. Annam Venkatesh, Adv., Mr. M.K. Maroria AOR, Mr. Zoheb Hussain, Adv., Ms. Sairica S Raju Adv., Mr. Annam Venkatesh Adv. ORDER What was challenged before the High Court was the order of attachment of the scheduled properties, the part ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the order of attachment. Shri Neeraj Kishan Kaul, learned Senior Advocate appearing on behalf of the petitioners has prayed to release the properties attached which are approximately worth Rs. 72,00,00,000/- (Rupees Seventy Two Crores) and the allegations against the petitioners are for an amount of Rs. 3,00,00,000/- (Rupees Three Crores). Shri S.V. Raju, learned ASG is not in a position to satis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fixed deposit. However, the same shall be without prejudice to the rights and contentions of the respective parties in the proceedings to be initiated before the Appellate Authority. The Appellate Authority to deal with and consider the proceedings before it absolutely in accordance with law and on its own merits and without in any way being influenced by the present interim arrangement. With this ..... X X X X Extracts X X X X X X X X Extracts X X X X
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