2021 (4) TMI 1325

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....RAO AND THE HONOURABLE SRI JUSTICE T. VINOD KUMAR For the Petitioner : Sri Y SREENIVASA REDDY For the Respondent Nos. 1 & 2 : Sri B NARASIMHA SARMA For the Respondent No. 5 : Sri N. Rajeshwar Rao, Asst. Sol. Gen. ORDER: It is the contention of the petitioner in the Writ Petition that in the impugned order passed by the 'lst respondent, he has sought to apply the provisions of the Prohibit....

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.... contained in the show-cause notice dt.30.12.2019 and in particular, it is pointed out that in the show-cause what was proposed to be attached was only movable property of 4,50,000 shares of the 4th respondent-Company along with an equivalent amount of proceeds thereof in the corresponding current and noncurrent assets including debtors acquired as against the share capital introduced in the books....