Demat accounts frozen despite director resignation, violating natural justice. HC ordered relief, quashed freezing before due process.

Demat accounts frozen despite director resignation, violating natural justice. HC ordered relief, quashed freezing before due process. https://www.taxtmi.com/highlights?id=84178 Petitioner's demat accounts were attached/frozen despite ceasing to be director of company, violating natural justice principles. HC held prima facie petitioner's liability u/s 89 of MGST Act requires compliance with natural justice before attachment/freezing action. Relief granted quashing attachment/freezing of demat accounts, without precluding respondents from proceeding per law, issuing notices u/s 89 MGST Act and adhering to natural justice if action against petitioner proposed. Application disposed. en-us Fri, 20 Dec 2024 08:46:57 +0530 Fri, 20 Dec 2024 08:46:57 +0530 TaxTMI RSS Generator Demat accounts frozen despite director resignation, violating natural justice. HC ordered relief, quashed freezing before due process. https://www.taxtmi.com/highlights?id=84178 Petitioner's demat accounts were attached/frozen despite ceasing to be director of company, violating natural justice principles. HC held prima facie petitioner's liability u/s 89 of MGST Act requires compliance with natural justice before attachment/freezing action. Relief granted quashing attachment/freezing of demat accounts, without precluding respondents from proceeding per law, issuing notices u/s 89 MGST Act and adhering to natural justice if action against petitioner proposed. Application disposed. Highlights GST Fri, 20 Dec 2024 08:46:57 +0530 https://www.taxtmi.com/highlights?id=84178