Court Resolves Bank Account Attachment; Applicant Must Maintain Rs. 4 Crore Stock Until Adjudication Ends.

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Full Text of the Document

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....Attachment of Bank Accounts - The period of one year has already come to an end - while granting appropriate relief to the writ applicant, we would also ensure that the interest of the State is protected - This writ application is disposed off with a direction that the writ applicant shall maintain, at all time, a stock worth minimum sum of ₹ 4 Crore till the final disposal of the adjudication proceedings arising out of the show-cause notice....