TMI Blog2019 (9) TMI 179X X X X Extracts X X X X X X X X Extracts X X X X ..... having the liberty to withdraw or transfer any amount from such bank accounts - HELD THAT:- Having heard the rival contentions of the parties, it would be appropriate to permit the parties to file affidavit. Let affidavit-in-opposition be filed with four weeks from date. Affidavit-in-reply, if any thereto, be filed within two weeks thereafter.The writ petition will be treated as ready for heari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der Singh Dhatt, Ms. Sayani Roy Chowdhury, Priyashree Dutta, Subhankar Chakraborty, Saptarshi Bhattacharjee, Ayan Kr. Boral, Archan Dutt and Sudip Pal Chowdhury, for the Respondent. ORDER Actions taken by the Enforcement Directorate in preventing the operation of the bank accounts of the petitioners are under challenge in the present writ petition. 2. Learned Senior A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Banks are represented. 4. Learned Advocate appearing for the banks submits that, the accounts maintained by the petitioners were declared as non-performing assets. 5. Learned Advocate appearing for the erstwhile Dena Bank submits that, the petitioners obtained credit facilities, inter alia, on the pledge of movables including Volvo Buses. On enquiry, the bank found the chassi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at, it recognizes the authority of Enforcement Directorate to issue an order of prohibition in the manner as contained in the present case. Therefore, there is no lack of jurisdiction on the part of the Enforcement Directorate in making the order as contained in the present case. 7. Having heard the rival contentions of the parties, it would be appropriate to permit the parties to file af ..... X X X X Extracts X X X X X X X X Extracts X X X X
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