High Court directs prompt resolution of objections on attachment of accounts in HDFC Bank, petitioner to appear.

The High Court directed the competent authority to promptly decide objections filed by the petitioner regarding the attachment of their Cash Credit Account and bank accounts in HDFC Bank. The authorized representative of the petitioner was instructed to appear before the competent authority to present the case, with a deadline set for the decision on the objections. The court's intervention aimed to resolve the issue swiftly and ensure compliance with the law, leading to the disposal of the petition under specified terms.

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Issues:
Challenge to attachment of Cash Credit Account and bank accounts on the same PAN in HDFC Bank due to objections not being decided promptly leading to shutdown of petitioner's industry.

Analysis:
The petitioner challenged the attachment of Cash Credit Account and all bank accounts on the same PAN in HDFC Bank, Yamuna Nagar, due to objections not being decided promptly. The learned Senior Counsel highlighted that objections were filed on 07.08.2021, but the decision was still pending, resulting in the shutdown of the petitioner's industry. In response, Mr. Anshuman Chopra, Advocate, representing the respondent No.1, acknowledged that the objections needed to be decided by the competent authority. Consequently, the High Court directed the competent authority to decide the objections immediately, not later than 23.08.2021, in accordance with the law.

The High Court ordered the authorized representative/partner of the petitioner company to appear before the competent authority on 20.08.2021 at 10.30 AM to present the case. Subsequently, the competent authority was instructed to decide the objections and issue a speaking order on the matter immediately, but not later than 23.08.2021. As a result of these directions, the petition was disposed of with the mentioned terms.

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