FASTTRACK TIEUP PVT. LTD. vs UNION OF INDIA & ORS.

Judgment text excerpt

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment pronounced on : 24.02.2025 + W.P.(C) 15237/2023 and CM APPLs.60975/2023, 17044/2024 FASTTRACK TIEUP PVT. LTD. .....Petitioner Through: Mr. Rana Mukherjee, Sr. Advocate along with Mr. Siddharth Mehta, Mr. Samarth Mohanty, Ms. Amrita Kumari, Ms. Dindrilla and Ms. Jasleen Kaur, Advs. versus UNION OF INDIA & ORS. .....Respondents Through: Ms. Nidhi Banga, Sr. Panel Counsel along with Mr. Nishant Kumar, Advocates for R-1/UOI. Mr. R. P. Vats, Mr. Apoorv Sarvaria, Ms. Yashika Sarvaria, Mr. Sahaj Aggarwal and Ms. Simran Chadha, Advs. for R-3/PNB. Mr. Puneet Rai, Sr. Standing Counsel along with Mr. Ashvini Kumar, Mr. Rishabh Nangia, Jr. Standing Counsel for Income Tax Department. + W.P.(C) 15238/2023 & CM APPLs.60981/2023, 17039/2024, 17040/2024 FASTTRACK TIEUP PVT LTD .....Petitioner Through: Mr. Rana Mukherjee, Sr. Advocate along with Mr. Siddharth Mehta, Mr. Samarth Mohanty, Ms. Amrita Kumari, Ms. Dindrilla and Ms. Signature Not Verified Digitally Signed W.P.(C) 15237/2023 & W.P.(C) 15238/2023 Page 1 of 17 By:ABHISHEK THAKUR Signing Date:27.02.2025 06:04:56 Jasleen Kaur, Advocates. versus UNION OF INDIA & ORS. .....Respondents Through: Ms. Nidhi Banga, Sr. Panel Counsel along with Mr. Nishant Kumar, Advocate for UOI. Ms. Usha Singh, Adv. for R-3. Mr. Puneet Rai, Sr. Standing Counsel along with Mr. Ashvini Kumar, Mr. Rishabh Nangia, Jr. Standing Counsel for Income Tax Department. CORAM: HON'BLE MR. JUSTICE SACHIN DATTA JUDGMENT 1. At the outset, it is pertinent to note that the material facts underlying these petitions are identical. The parties in both petitions are the same, except for respondent no.3. In W.P.(C) 15237/2023, respondent no. 3 is Punjab National Bank, whereas, in W.P.(C) 15238/2023, respondent no. 3 is P