1991 (2) TMI 18

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....ected against the order of the executing court dated August 3, 1990, whereby the objections filed on behalf of the judgment-debtor were dismissed. The decree-holder, Messrs. Amar Steel Industries, sought execution of a money decree against Messrs. Gupta Iron and Steel Re-Rolling Mills and Fabricators, Amloh. In that execution application, objections were filed that the amount sought to be recovere....

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....he objection petition was dismissed as not tenable because, in case the decree-holder succeeds in getting the amount, it will still remain attached with the Income-tax Department and the decree-holder will pay the arrears in lump sum and the Incometax Department can get the same back. Learned counsel for the petitioners submitted that this approach of the executing court was wholly wrong and er....