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2020 (3) TMI 1149

..... paying some or the other amount in the account of the respondent towards clearing its tax liability - HELD THAT:- On payment of ₹ 5.5 crores within two days from the date of defreezing of its all accounts, no coercive action be taken against the petitioner till it continue abiding by the undertaking given today. An undertaking be filed in the course of the day. This order shall be without pr .....

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..... concern and its monthly expenditure bill runs to approximately ₹ 60.87 crores, hence freezing of its accounts is damaging the petitioner day by day. It is alleged the bona fide of the petitioner can be ascertained from the very fact that even while its M.D. was in custody, the petitioner have been paying some or the other amount in the account of the respondent towards clearing its tax liab .....

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