2019 (4) TMI 740

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....SHAH (6371) ORAL ORDER (PER : HONOURABLE MS.JUSTICE HARSHA DEVANI) 1. The sole relief prayed for in this petition is for removal of attachment of the bank accounts detailed in paragraph 10-C of the petition. 2. On 6.2.2019, this court passed an order in the following terms:- "1. Vide orders dated 10.1.2019 passed in FORM GST DRC-22 under sub-rule (1) of rule 159 of the Central....

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....e uncle and father of the Director of M/s.Nandeshwari Steel Limited, namely, Patel Jashvantkumar Jayantibhai and Patel Ashwinkumar Jayantibhai respectively are ready and willing to offer their property for attachment in order to secure interest of the Government revenue. The details of the property and the affidavits of the said persons have been annexed along with the rejoinder. Shri Ashwinkumar ....

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....t over the bank accounts, it is difficult for the petitioner company to manage its day-to-day affairs and that in view of the property which has been offered by way of security which is unencumbered and the value of the property is Rs. 2.75 crore, the attachment over the bank accounts may be released. 4. On the other hand, Mr. Ankit Shah, learned senior standing counsel for the respondent....

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....efore this court in respect of the property which has been offered by them for attachment for release of the bank accounts of M/s. Nandeshwari Steel Limited within a period of one week from today. To secure the interest of the revenue, the petitioner shall also maintain an amount of Rs. 50,00,000/- in its Current Account No.916020018310340 maintained with the Axis Bank Limited, Asarwa Branch, Ahme....