2018 (2) TMI 1907

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....llowing reliefs: "It is therefore, most humble and respectfully prayed that this writ petition may kindly be allowed; and by an appropriate writ, order or direction (i) By an appropriate writ, order of direction, the provisional attachment order dated 18.11.2017 passed by the respondent no.3 (Ann.10) be declared illegal and be quashed and set aside; and (ii) By an appropriate writ, order of direction the proceedings under section 26 of the Act of 1988 before the Adjudicating Authority be declared illegal and be quashed and set aside; (iii) By an appropriate writ order or direction the respondents may kindly be directed to vacate the attachment, release the bank accounts as well as the properties (movable/immovable) belonging to ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n 24(1) of the PBPT Act was also endorsed to the designated partner of the petitioner Shri Aditya Lodha. The said show cause notice was issued on 21.08.2017 and simultaneously, one of the bank accounts of the petitioner was also provisionally attached under Section 24(3) of the PBPT Act on 21.08.2017. After issuance of show cause notice under section 24(1) of the PBPT Act, an enquiry was conducted by the respondent No.3 and after taking into consideration the reply to the show cause notice filed by Aditya Parakh and Tara Chand Parakh, the respondent No.3 passed an order under Section 24(4) of the PBPT Act on 18.11.2017 and referred the matter to the adjudicating authority. On receiving the said reference under Section 24(5) of the PBPT Ac....