(Per : HONOURABLE MR. JUSTICE AKIL KURESHI) 1. This petition was filed by the petitioner company at a stage where the company was before BIFR pending formation of a scheme. At that stage, the prayer made was for a direction to the respondents not to enforce a notice under section 226(3) of the Income Tax Act, 1961 for recovery of the outstanding dues of the company.
2. Learned counsel Shri S.N. Soparkar for the petitioner stated, on instructions, that since filing of the petition, the company has no longer remained before the BIFR. In view of the above statement, the main factual basis on which the prayer for staying the demand notice was made, no longer survives. In that view of the matter, the petition is disposed of. Rule discharged. Interim relief, if any, is vacated. No costs.
( Akil Kureshi, J. ) ( Harsha Devani, J. ) hki