Substitution of attached land with fixed deposit accepted, and the writ petition was disposed of on furnishing security.

The Enforcement Directorate agreed to accept a fixed deposit in the name of its Director for the equivalent value of the attached land, allowing the petitioner to substitute the attachment with that security. The writ petition was then disposed of on that basis, with a direction to furnish the fixed deposit within one week.

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Issues: Whether the petitioner could furnish a fixed deposit of equivalent value in place of the attached land and obtain disposal of the writ petition on that basis.

Outcome: The Enforcement Directorate agreed to accept a fixed deposit in the name of the Director, Enforcement Directorate, for the equivalent value of the attachment, and the writ petition was disposed of with a direction to furnish the fixed deposit within one week.

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