Provisional Attachment: The judgment discusses a challenge to a provisional attachment notice dated 24 April 2025 (Exhibit C-1), which attached the petitioner's bank accounts. The court notes that no order raising any demand had been issued against the petitioner as of the date of the hearing. The court also notes that show cause notices were issued after the petition was filed, but no orders had been made adjudicating the show cause notices or raising any demand. The court expresses doubt as to whether the impugned orders provisionally freezing the petitioner's bank account could have been made. The petitioner offered to maintain a deposit of Rs. 36 Lakhs in a specific bank account so that, should an appeal arise, this amount could be used for pre-deposit. The court interfered with the impugned orders dated 24 April 2025, quashing and setting them aside, provided the petitioner maintains the deposit.
Writ Petition: The judgment arises from a Writ Petition (L) No.13949 of 2025 filed in the High Court of Judicature at Bombay, Ordinary Original Civil Jurisdiction. The court heard the petition and made a rule returnable immediately with the consent of the parties. The petition challenged the provisional attachment notice. The court disposed of the rule without any cost order.
Appeals: The judgment discusses the possibility of an appeal by the petitioner. The petitioner's representative stated they were prepared to proceed on the basis that some adverse order may be passed, which would require them to appeal. The petitioner offered to maintain a deposit of Rs. 36 Lakhs, representing 10% of the potential liability, to be used for pre-deposit in case an appeal is filed. The court allowed the petitioner to transfer this amount to the respondents for adjustment towards pre-deposit if an appeal is instituted.