2023 (8) TMI 777

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....RABLE MR. JUSTICE A. K. JAYASANKARAN NAMBIAR And THE HONOURABLE MR. JUSTICE MOHAMMED NIAS C.P. FOR THE PETITIONER : BY ADVS. ASWIN GOPAKUMAR ADITYA VENUGOPALAN NIKITHA SUSAN PAULSON MAHESH CHANDRAN AVINASH KURUNGOT SHALLET K. SAM JIKKU SEBAN GEORGE(K/905/2011) DEEPTI SUSAN GEORGE(K/000946/2011) FOR THE RESPONDENT : SMT.M.M.JAMINE, GP SRI.SREELAL N WARRIER, SC A.K. JAYASANKARAN NAMBIAR & MOHA....

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....nate remedy to impugn the said orders before the appellate authority under the Act. The writ petition was dismissed mainly on the finding that there was an efficacious alternate remedy that the appellant could pursue against the orders impugned. 2. When this appeal came up for admission before us, we took note of the contention of the learned counsel for the appellant Sri.Aswin Gopakumar that i....

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....d to the appellant presently quantifies the demand at a figure of Rs.8.59 crores and one has also to factor in a possible liability towards penalty once the adjudication proceedings are over. It is also his submission that the investigation that is ongoing against into the activities of the appellant would also likely result in further show cause notices being issued and further liabilities being ....

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....g finalisation of the adjudication proceedings by the respondents so that the appellant can carry on its legitimate business activities even while defending the proceedings initiated against him by the respondents. Accordingly, we direct a lifting of the attachment in respect of the following two accounts pertaining to the appellant, and covered by Ext.P6 order that was impugned in this writ petit....