Petitioner's demat accounts were attached/frozen despite ceasing ...
Demat accounts frozen despite director resignation, violating natural justice. HC ordered relief, quashed freezing before due process.
December 20, 2024
Case Laws GST HC
Petitioner's demat accounts were attached/frozen despite ceasing to be director of company, violating natural justice principles. HC held prima facie petitioner's liability u/s 89 of MGST Act requires compliance with natural justice before attachment/freezing action. Relief granted quashing attachment/freezing of demat accounts, without precluding respondents from proceeding per law, issuing notices u/s 89 MGST Act and adhering to natural justice if action against petitioner proposed. Application disposed.
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