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2024 (1) TMI 233 - MADRAS HIGH COURTValidity of provisional attachment order - it is submitted that the petitioner may be permitted to operate the bank account in IDBI Bank only for the purpose of payment of GST alone and not for anything else - HELD THAT:- As far as the petitioner's bank account in IDBI Bank, Neelankarai Branch is concerned, the petitioner is permitted to operate the said bank account only for the purpose of payment of GST alone. Therefore, to that extent, the provisional attachment order is ordered to be lifted. As far as the petitioner's bank account in Kotak Mahindra Bank, Nasik Thatte Nagar Road Branch is concerned, subject to the petitioner furnishing of the bank guarantee to an extent of sum of Rs. 5.7 Crores, the attachment order is ordered to be lifted. With regard to operation of IDBI Bank account is concerned, the petitioner is directed to remit a sum of Rs. 50,00,000/- out of the balance in IDBI Bank Account with regard to pending GST dues against which the proceedings are pending within a period of two weeks from the date of receipt of a copy of this order. Petition disposed off.
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