2018 (5) TMI 1735

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..... AND MR. TEJINDER SINGH DHINDSA, J. For The Petitioner : Ms. Rita Kohli, Senior Advocate with Mr. Pradeep Sharma, Advocate ORDER AJAY KUMAR MITTAL, ACJ. 1. In this writ petition filed under Articles 226/227 of the Constitution of India, the petitioner has prayed for issuance of a writ in the nature of mandamus directing the respondents to release an amount of Rs. 3.68 crores to the pe....

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....eived various applications along with requisite funds on behalf of the State Government and the funds were deposited in Terms Deposits (Annexure P-3 Colly) with various banks for a period of one year in the name of the petitioner. The petitioner maintained its accounts with Oriental Bank of Commerce and ICICI Bank Limited in Patiala and being the nodal agency was holding an 'Escrow Account&#39....

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....15 (Annexure P-8) submitted the requisite documents as sought for by respondent No.1. State Bank of India sent a letter dated 8.9.2015 (Annexure P-9) to respondent No.4 along with a cheque dated 8.9.2015 (Annexure P-10) amounting to Rs. 29.85 crores in favour of respondent No.3. Respondent No.3 vide its communication dated 18.9.2015 (Annexure P-11) returned the cheque dated 8.9.2015 to respondent ....

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.....12.2015 (Annexure P-13) to respondent No.1 for the issuance of cheque for the balance amount. The petitioner vide letter dated 15.12.2015 (Annexure P-14) followed by reminder dated 26.1.2016 (Annexure P-15) requested respondent No.1 for issuance of an amount of Rs. 3,68,03,951/- against the loss of interest due to premature withdrawal of the FDRs and retention of money by the Income Tax Departmen....