2023 (8) TMI 767

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.... Kapoor and Mr Sumit Lal Chandani, Advocates For the Respondent : Mr Sunil Agarwal, Sr Standing Counsel on behalf of Mr Abhishek Maratha, Advocate ORDER [Physical Hearing/Hybrid Hearing (as per request)] CM No. 3892/2023 1. Allowed, subject to just exceptions. W.P.(C) 999/2023 & CM No.3891/2023[Application filed on behalf of the petitioner seeking interim relief] 2. Issue noti....

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.... 6. The record shows, that the principal allegation against the petitioner is, that he is a beneficiary of accommodation entries provided by one Jignesh S Shah. It is alleged, that fictitious loan was accepted by the petitioner amounting to Rs.7,59,50,185/-. 7. Ms Ananya Kapoor, who appears on behalf of the petitioner, has drawn our attention to the fact, that petitioner was subjected to scrut....

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....to the fact, that in a search action against Jignesh S Shah and another person i.e., Sanjay Shah, certain information emerged, which seemed to suggest that they were in the business of providing accommodation entries. 11. It is also suggested, that Directors of those companies had filed affidavits, in which the name of the petitioner appeared as one of the beneficiaries of the accommodation ent....