Union Of India And Ors vs M/S. A.M. Overseas And Anr

The Supreme Court allowed the appeal filed by the Union of India against the High Court's judgment which had directed the release of respondent No.1's bank account, holding that the action taken under Section 110(3), Section 113(i), and Section 121 of the Customs Act, 1962 was invalid. The Court noted that the respondent had withdrawn a significant amount from the account before the stay order was issued, rendering the appeal infructuous. The Court lifted the seizure orders and permitted the respondent to operate the bank account, leaving the legal questions open for future consideration.