2020 (3) TMI 617

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.... MR ANKIT SHAH (6371) for the Respondent(s) No. 2   MR DEVANG VYAS(2794) for the Respondent(s) No. 1   MR PS GOGIA(2751) for the Respondent(s) No. 4   NOTICE SERVED BY DS(5) for the Respondent(s) No. 3   ORAL JUDGMENT (PER : MR.BHARGAV D. KARIA) 1. Rule, returnable forthwith. Mr. Devang Vyas, learned Assistant Solicitor General waives service of notice of rule for and on ....

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....tition, to stay the direction issued by respondent Nos.1 and 2 of provisionally attaching or Debit Freezing the petitioner's Current Account No.483301010036115 & Saving Bank Account No.483302010046998 maintained with Union Bank of India maintained with respondent No.3 and Current Account No.918020099540135 maintained with respondent No.4 on such terms and conditions as may be deemed fit and proper....

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....y. 5. We need not state the facts in detail as the order, under Section 83 of the Act, 2017, for provisional attachment of bank accounts of the petitioner with respondents No.3 and 4 Banks was passed on 10th January, 2019 and the period of one year is over on 10th January, 2020. Therefore the impugned order has lapsed on completion of one year. 6. However, Mr.Devang Vyas, learned Assistant Solic....

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....intimating that the petitioner is ready and willing to issue the Fixed Deposit amounting to Rs. 50 Lakhs in his name and is also willing to handover original receipt of Fixed Deposit to the respondent. 8. In view of the aforesaid submission, Mr.Devang Vyas, learned Assistant Solicitor General has agreed to accept such original receipt of the Fixed Deposit amounting to Rs. 50 Lakhs, so as to lift ....