Lal Mahal Ltd. vs Union Of India & Ors on 16 March, 2017

1. The Petitioner by the present petition seeks quashing of letter
dated 23.12.2016 whereby the Respondent No. 2 /Directorate of
Revenue Intelligence has directed the Respondent No. 3 and 4
(Banks) to cease all banking activities of the bank accounts of the
petitioner. The Petitioner also seeks quashing of letter dated
26.12.2016 whereby the petitioner has been informed by the
Banks that all accounts of the petitioner have been stopped.

WP(C) 12251/2016 Page 1 of 15
2. It is contended by the Petitioner that the petitioner has an export
unit in Noida SEZ for importing gold, manufacturing jewellery and
exporting the same.

Source: Indian Kanoon

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