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2018 (12) TMI 1674 - Tri - Companies LawAttachment of Bank Accounts - Bank Accounts were attached prior to the Insolvency and Bankruptcy Code commencement date in view of the fact that the respondents have filed formal claim for their dues with the applicant - HELD THAT:- This bench takes a conscious decision under the powers granted to this Tribunal u/s 238 of the code that the Orders passed under Section 226 (3) of the Income Tax Act dated 16.11.2017 and 17.11.2017 by Income Tax Recovery Officer-4, Mumbai, Room No.210, Ayakar Bhawan, MK Road, Mumbai are hereby suspended forthwith and we further hereby direct the authorities concerned not to proceed further for the recovery of dues. Resolution Professional are directed to approach the Banks with the copy of this order for the withdrawal of funds available in their respective accounts to keep the company as going concern. Application disposed off.
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