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GST - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Provisional attachment of multiple properties - factory premises ...

Case Laws     GST

February 23, 2022

Provisional attachment of multiple properties - factory premises - plant and machinery - bank accounts including the fixed deposits - In the case on hand, it is not approved that the provisional attachment of the goods, stock and receivables, more particularly, when the entire stock and receivables have been pledged and a floating charge has been created in favour of the Kalupur Commercial Bank Limited for the purpose of availing the cash credit facility with the provisional attachment of the goods, stock and receivables the entire business will come to a standstill. - HC

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