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    <title>Provisional bank attachment lifted when petitioner offers immovable property security worth at least Rs.2.07 crore; DRC-23 release required</title>
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    <description>HC ordered that the provisional attachment of the Petitioner&#039;s bank accounts be lifted upon the Petitioner furnishing immovable property as security valued at or above Rs.2.07 crores, the quantum being sufficient to protect the revenue&#039;s interest given the demand. Upon such offer of security, the Respondents must release the attachment by issuing Form GST DRC-23 or any other appropriate instrument within the prescribed timeline and act consistently with the communication dated 30 September 2025. The Petitioner&#039;s submissions regarding the adequacy of the immovable property security were accepted. The petition is disposed of accordingly.</description>
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    <pubDate>Thu, 30 Oct 2025 08:22:06 +0530</pubDate>
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      <title>Provisional bank attachment lifted when petitioner offers immovable property security worth at least Rs.2.07 crore; DRC-23 release required</title>
      <link>https://www.taxtmi.com/highlights?id=93705</link>
      <description>HC ordered that the provisional attachment of the Petitioner&#039;s bank accounts be lifted upon the Petitioner furnishing immovable property as security valued at or above Rs.2.07 crores, the quantum being sufficient to protect the revenue&#039;s interest given the demand. Upon such offer of security, the Respondents must release the attachment by issuing Form GST DRC-23 or any other appropriate instrument within the prescribed timeline and act consistently with the communication dated 30 September 2025. The Petitioner&#039;s submissions regarding the adequacy of the immovable property security were accepted. The petition is disposed of accordingly.</description>
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      <pubDate>Thu, 30 Oct 2025 08:22:06 +0530</pubDate>
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