IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION WRIT PETITON (LODG.) NO.1286 OF 2006 WRIT PETITON (LODG.) NO.1286 OF 2006 WRIT PETITON (LODG.) NO.1286 OF 2006 G.R.Pandya Share Broking Ltd. ..Petitioner. V/s. Union of India & Ors. ..Respondents. Mr.Zal Andyarjuna i/b. Goenka Law Associates for petitioner. Mr.S.R. Chauhan for respondent No.1. Ms.Shruta Rao, Law Officer present for respondent No.2. Mr.A.R. Dhanuka for respondent No.3. CORAM : H.L.GOKHALE AND CORAM : H.L.GOKHALE AND CORAM : H.L.GOKHALE AND J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. DATED : 4TH SEPTEMBER, 2006. DATED : 4TH SEPTEMBER, 2006. DATED : 4TH SEPTEMBER, 2006. P.C. :- P.C. :- P.C. :- Heard Mr.Andhyarjuna in support of this petition. Mr.Chauhan appears for respondent No.1. Ms. Shruta Rao, Law Officer for respondent No.2 is present in the Court. Mr.Dhanuka appears for respondent No.3. 2. Petition is filed in view of the communication dated 24th August, 2005 from the Tax Recovery Officer, 4(1), Mumbai addressed to the Bombay Stock Exchange whereby 10,000 shares of the petitioner have come to be attached. The demand of the revenue as of now after reassement is to the tune of Rs.20 lakhs. Mr. - = : 2 : = - Andhyarjuna is keen to get this attachment lifted. On instructions, he states that the petitioner will deposit Rs.10 lakhs with the revenue and on account of Rs.10 lakhs being deposited, the attachment be restricted only to the extent of 7,000 shares. The present petition is concerned with the shares and no any other property. 3. In view of the deposit of Rs.10 lakh, which the petitioners are assuring to make within 8 weeks from today, Mr.Chauhan has no objection to attachment being restricted only to 7,000 shares thereafter. Order accordingly. 4. There has been a proceeding between the petitioner and respondent No.3 wherein consent terms have been arrived at in this Court. In view of that consent terms, petitioner is expected to transfer some 3,000 shares to respondent No.3. It will be for the petitioner to apply to the Stock Exchange for that purpose and it will be for the Stock Exchange to take appropriate decision in accordance with the Rules governing in that regard. 5. Petition is disposed of in the above terms. (H.L.GOKHALE, J.) (H.L.GOKHALE, J.) (H.L.GOKHALE, J.) - = : 3 : = - (J.P.DEVADHAR, J.) (J.P.DEVADHAR, J.) (J.P.DEVADHAR, J.)