UNION OF INDIA vs M/S. A.M. OVERSEAS

The Supreme Court allowed the appeal filed by the Union of India, questioning the High Court's order that deemed the freezing of the respondent's bank account under Section 110(3) read with Section 113(i) and Section 121 of the Customs Act, 1962 as illegal. The Court noted that the respondent had withdrawn a significant amount from the account before the stay order was issued, rendering the appeal infructuous. Consequently, the Court lifted the seizure orders and permitted the respondent to operate the bank account, leaving the legal questions open for future determination.