https://www.taxtmi.com/caselaws?id=778839 HC held that once the deemed stay under Section 107 of the GST Act arises on payment of the 10% pre-deposit, authorities cannot provisionally attach or restrain funds in the petitioner's bank account. The petitioner was required to undertake to retain refunded amounts and future sale proceeds in its bank account, maintaining a minimum balance of Rs.245 crores after accounting for the Rs.24.4 crore pre-deposit, and to keep all refunded sums (out of Rs.170 crores previously recovered) in the account until disposal of the appeal. Petition disposed. en-us Wed, 03 Sep 2025 00:00:00 +0530 Thu, 09 Oct 2025 20:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778839 HC held that once the deemed stay under Section 107 of the GST Act arises on payment of the 10% pre-deposit, authorities cannot provisionally attach or restrain funds in the petitioner's bank account. The petitioner was required to undertake to retain refunded amounts and future sale proceeds in its bank account, maintaining a minimum balance of Rs.245 crores after accounting for the Rs.24.4 crore pre-deposit, and to keep all refunded sums (out of Rs.170 crores previously recovered) in the account until disposal of the appeal. Petition disposed. Case-Laws GST Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778839