2021 (3) TMI 1281

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....f 2021, Misc. Application No.326 of 2021 And Misc. Application No.327 of 2021 And Appeal No.162 of 2021 - -<br>Securities / SEBI<br>Justice Tarun Agarwala Presiding Officer and Justice M.T. Joshi Judicial Member Mr. Vikram Nankani, Senior Advocate with Mr. P. R. Ramesh and Mr. Suresh Gupta, Advocates for the Appellant. Mr. Gaurav Joshi, Senior Advocate with Mr. Mihir Mody and Mr. Arnav Misra....

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....r was passed against PACL based on which recovery proceedings were initiated to recover Rs. 49,100 crores from PACL. The Supreme Court of India vide order dated 2nd February, 2016 constituted a Committee headed by Justice R.M. Lodha to sell land and return the money to the relevant investors. Based on further orders being passed by the Supreme Court of India it transpires that the Committee submit....

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.... and, further whether attachment order could be passed without issuing any notice especially when there is no evidence in the impugned order that there is a possibility that the appellants would run away with the money. 5. On the other hand, we find that the appellants is a running Company and the financial year is coming to an end on 31st March. The attachment order attaching the bank accounts....