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        Case ID :
        GST

        Provisional attachment of escrow bank account - shares of the...

        Court Allows Partial Release of Contractor's Escrow Account in GST Evasion Case; Rs. 5 Lakh Balance Required.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Provisional attachment of escrow bank account - shares of the petitioner / contractor - Joint Escrow account opened by the Principal - GST Evasion - we lift the provisional attachment in so far as petitioner No. 1’s share in the escrow account is concerned subject to maintaining credit balance of ₹ 5,00,000.00 by petitioner No. 1 out of its share and direct that respondent No.4 would be at liberty to transfer / remit the proportionate amount due to petitioner No. 1 to the account of petitioner No.1 and maintain balance of ₹ 5,00,000.00 till the aforementioned decision is taken. - HC
                                Note: It is a system-generated summary and is for quick reference only.
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