2018 (12) TMI 1627

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....: Mr. Dibashis Basu For The Respondent : Mr. Bhaskar Prasad Banerjee And Mr. Parashar Baidya ORDER The petitioners seek a direction for withdrawal of a letter dated October 23, 2018 issued by the respondent no.4. By the impugned letter, the authorities have frozen the bank account of the petitioner. Learned Advocate appearing for the petitioners submits that, the petitioners are in fin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....8, 2015, which contemplates that, the instalments may be granted is qualified. The instalments can be granted to an entity who is in financial distress. In the present case, there is nothing on record to establish financial distress. Balance sheet of the company is not on record. A portion of the balance sheet is sought to be relied upon in support of the contention that, the petitioners are in fi....