HC: Directs Respondent to retain security and provisionally lift the debit freeze instructions of bank account subject to conditions

Delhi HC disposes of the petition filed challenging the orders directing attachment of the petitioner's bank account which accordingly to the petitioner are issued without jurisdiction or authority of law and in violation of the principles of natural justice; Takes notes of petitioner’s contentions that its bank account attached contained sufficient balance to cover an appropriate amount to safeguard the interests of the Revenue whereas freezing of the account had brought i...