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TMI Blog2019 (12) TMI 1686X X X X Extracts X X X X X X X X Extracts X X X X ..... t is hereby directed that the attachment be lifted in respect of the Bank Accounts detailed as Biotor Industries Limited in Yes Bank Ltd., Mukund Branch, Account No. 05966370001199 IFSC Code - YESB0000596. The Revenue Department as well as the Banks shall cooperate with the Liquidator so that without hindrance the assets of the Debtor Company, under Liquidation, can be liquidated, as well as the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Department, Mumbai, as detailed in this Misc. Application with a prayer that those accounts be released. Details of such Bank Accounts are on record. In the grounds of relief, the Applicant has prayed for refund of following amounts :- (v) That pending the hearing and final disposal of the present application. This Hon'ble Tribunal be pleased to direct Respondent No. 2 to transfer an amoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted as per the water fall mechanism prescribed under the said Section. It is also placed on record that the claims of the respective departments have already been admitted. On due consideration of the facts and circumstances in the said Judgment it was pronounced as under :- 6. The Liquidator has informed that, the following claims of the respective departments have already been admitted :- Sr. No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Liquidator and thereupon the Sale Proceeds be distributed under section 53 of the I B Code in order of the priority prescribed therein. Due compliance of the directions be reported back by the Liquidator to this Bench. 3. Since on identical facts and circumstances a view has already been expressed therefore on the same lines it is hereby directed that the attachment be lifted in respect of the Ban ..... X X X X Extracts X X X X X X X X Extracts X X X X
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