https://www.taxtmi.com/caselaws?id=299153 The Punjab and Haryana High Court dismissed petitions challenging property attachment orders under the Maharashtra Protection of Interest of Depositors Act, 1999. The court held that the notices issued were valid under the Act to prevent financial irregularities. It emphasized the importance of jurisdiction and directed petitioners to seek redressal in the High Court of Bombay, as the investigation was ongoing in Mumbai. The court relied on a similar case in Gujarat and the Supreme Court's decision to uphold the jurisdictional aspect, ultimately leading to the dismissal of the petitions. en-us Wed, 25 Oct 2017 00:00:00 +0530 Sun, 05 Dec 2021 14:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299153 The Punjab and Haryana High Court dismissed petitions challenging property attachment orders under the Maharashtra Protection of Interest of Depositors Act, 1999. The court held that the notices issued were valid under the Act to prevent financial irregularities. It emphasized the importance of jurisdiction and directed petitioners to seek redressal in the High Court of Bombay, as the investigation was ongoing in Mumbai. The court relied on a similar case in Gujarat and the Supreme Court's decision to uphold the jurisdictional aspect, ultimately leading to the dismissal of the petitions. Case-Laws Companies Law Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299153