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2011 (2) TMI 1187 - KERALA HIGH COURTAssessments - For realising the amounts, attachments were effected on various items of immovable properties, belonging to the petitioners, their wives and other family members - apart from the assessments, proceedings for imposing penalty against the petitioners were already initiated and such amounts are also to be secured - petitioner had approached the 1st respondent through various requests to release the attachments on the basis of specific offer to furnish Bank guarantee for the amounts due under the orders of assessment – Held that:- Writ petition is disposed of directing the 1st respondent to consider the request made by the petitioner for release of the attachment on the basis of the offer for furnishing Bank Guarantee for the demand now pending. 1st respondent will consider the request and take appropriate decision, if the petitioner furnishes the Bank Guarantee for the existing demands. The release of the attachment can be considered after retaining any items of properties which are sufficient to cover the probable demand in case any penalty is imposed
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