https://www.taxtmi.com/caselaws?id=415121 The Court ordered the release of funds amounting to Rs. 2 crores subject to a bank guarantee amidst the freezing of bank accounts. It granted interim relief for payment of salaries to employees, allowing the petitioners to operate their bank accounts up to the specified amount upon furnishing a bank guarantee. The judgment disposed of the Writ Petitions without imposing costs, providing liberty to the parties to raise legal contentions before the Adjudicating Authority and allowing further proceedings in accordance with the law. en-us Fri, 29 Oct 2021 00:00:00 +0530 Fri, 26 Nov 2021 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415121 The Court ordered the release of funds amounting to Rs. 2 crores subject to a bank guarantee amidst the freezing of bank accounts. It granted interim relief for payment of salaries to employees, allowing the petitioners to operate their bank accounts up to the specified amount upon furnishing a bank guarantee. The judgment disposed of the Writ Petitions without imposing costs, providing liberty to the parties to raise legal contentions before the Adjudicating Authority and allowing further proceedings in accordance with the law. Case-Laws Money Laundering Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415121