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Issues: Whether the petitioner-firm's objections to the recovery notice required consideration before recovery could proceed, and whether interim protection against recovery was warranted pending such decision.
Outcome: The petition was disposed of by directing the respondent to decide the petitioner-firm's objections within one month of production of the order and objections, while staying recovery proceedings against the petitioner-firm until such decision. Liberty was reserved to proceed against Ram Saran Das, and the stay would stand vacated if the petitioner failed to take the required steps.