2020 (7) TMI 579

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r : Mr. S. Ilamvaludhi For Respondents : Mrs. R. Hemalatha standing counsel for R1 Mr. C. Mohan, for M/s. King & Patridge, for R2 O R D E R This matter is taken up for hearing through Video Conferencing mode. 2. This writ petition is filed challenging the proceedings of the first respondent dated 28.02.2020, attaching the bank account of the petitioner maintained in the second respondent Bank ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y the entire dues, if 6 months time is granted. 6. Accordingly, the petitioner also filed an affidavit dated 20.07.2020, giving an undertaking that if 6 months time is granted, the petitioner will be in a position to settle the dues, due to the first respondent. The operative portion of the affidavit at Paragraph Nos.5 & 6 reads as follows: "5. I respectfully submit that I have given an underta....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....delayed, as the impugned proceedings was issued only when the petitioner defaulted in paying the said admitted dues. 8. It is stated that after making attachment, the first respondent has deducted a sum of Rs. 12,45,662/- from the bank account of the petitioner maintained in the second respondent Bank. Now, the petitioner wants to make the balance payment within 6 months as stated supra. Consideri....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l pay the balance due amount within 6 months from today to the first respondent. (b) If the petitioner fails to make full payment within the above stipulated period, it is open to the first respondent to resort to the remedy available under law to recover the said amount. (c) In view of the undertaking given by the petitioner as stated supra, the first respondent is directed to de-freeze the b....