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It is clarified that the interim order already passed by this Court on 18th February, 2020, viz., de-freezing the OD account of IHCPL, including any borrowings, terms loans, CC limits will continue.
Attachment of Bank Accounts
— There was challenge is to the provisional attachment order dated 7th February, 202 issued by the Principal Commissioner, CGST attaching the bank accounts of the Petitioner. The petitioners undertook that subject to the impugned orders being set aside, the time bound directions be issued to the respondents to pass fresh orders in accordance with law, the Petitioners would ensure that no payments other than those set out in the tabular form would be made from the accounts till date of passing of fresh orders will remain untouched and the petitioner would furnish to the respondents the receipts for the payments made to the vendors for completing the live residential and commercial projects of the Petitioners, accompanied by an affidavit explaining the details of such payment. The Writ petitions disposed of in the above terms. — Ireo Hospitality Company Private Limited, Ireo Victory Valley Private Limited, Ireo Grace Realtech Private Limited, Ireo Residences Company Private Limited, Ireo Private Limited Vs. Union of India And Others [2020] 22 TAXLOK.COM 053 (P&H)
It is clarified that the interim order already passed by this Court on 18th February, 2020, viz., de-freezing the OD account of IHCPL, including any borrowings, terms loans, CC limits will continue.
Attachment of Bank Accounts
— There was challenge is to the provisional attachment order dated 7th February, 202 issued by the Principal Commissioner, CGST attaching the bank accounts of the Petitioner. The petitioners undertook that subject to the impugned orders being set aside, the time bound directions be issued to the respondents to pass fresh orders in accordance with law, the Petitioners would ensure that no payments other than those set out in the tabular form would be made from the accounts till date of passing of fresh orders will remain untouched and the petitioner would furnish to the respondents the receipts for the payments made to the vendors for completing the live residential and commercial projects of the Petitioners, accompanied by an affidavit explaining the details of such payment. The Writ petitions disposed of in the above terms. — Ireo Hospitality Company Private Limited, Ireo Victory Valley Private Limited, Ireo Grace Realtech Private Limited, Ireo Residences Company Private Limited, Ireo Private Limited Vs. Union of India And Others [2020] 22 TAXLOK.COM 053 (P&H)
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