2020 (7) TMI 650

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....espondents Through: Mr. Rajesh Gogna, Advocate for respondent No.1. Mr. Harpreet Singh, senior Standing counsel for respondents No.2 to 4.   O R D E R The petition has been heard by way of video conferencing. Present writ petition has been filed challenging the attachment orders dated 18th March, 2020 and 10th June, 2020 passed by respondent no. 3 attaching the bank account of the Pe....

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....Yesterday, after extensive arguments, learned counsel for petitioner had stated that the petitioner was willing to offer a bank guarantee to the respondent No.3 of a nationalised bank of the amount in dispute claimed to be fraudulent availment of ITC i.e. Rs. 60,08,750/- in terms of communication dated 10.06.2020 issued by the Respodent, placed on record as annexure P5 to the petition. Today, M....

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....has a credit balance of more than Rs. 1 crore and that an appropriate amount therefrom can be retained as a security to safeguard the interest of the revenue . He further submits that on account of debit freeze in the account, the entire business of the Petitioner has come to standstill and it is not able to make payment for items imported during the Covid19 pandemic. Having regard to the facts of....