Santur Builders Pvt. Ltd. v. Deputy Director, Directorate of Enforcement & Anr.
Case brief
What is this about?
Petitioner sought release of attached land and permission to furnish an equivalent fixed deposit as alternate security. The Enforcement Directorate agreed to accept a fixed deposit of Rs.91,40,104 in favour of the Director of Enforcement; the writ petition was disposed of directing the petitioner to hand over the fixed deposit within a week, without observations on merits.
What did the court decide?
Land release not ordered; ED accepted alternate security — petitioner directed to give Fixed Deposit of Rs.91,40,104 in name of Director, ED to IO within one week, renewed till end of trial.