JUDGMENT

A.K. Rath, J.

1. In this writ application under Article 226 of the Constitution of India, the petitioner has prayed, inter alia, to quash the notice dated 17.11.1998, vide Annexure-1, issued by the Recovery Officer, Employees’ State Insurance Corporation, Bhubaneswar, opposite party no.3, prohibiting the petitioner to withdraw the amount from Vijaya Bank, Balasore and restraining the said Bank from making any payment to the petitioner. By the said notice the Bank was also directed to transfer an amount of Rs.35,621/-to the Employees’ State Insurance Fund Account No.1 of the E.S.I. Corporation, Regional Office, Bhubaneswar within seven days from the date of receipt of the order, failing which, opposite party no.3 would take further proceedings to recover the amount due from the Bank as per Rule 36(3)(b) of the Income Tax (Certificate Proceedings) Rules, 1962.

2. Shorn of unnecessary details, the short facts of the case of the petitioner are that it is a Private Limited Company registered under the Indian Companies Act, 1956. The petitioner company is engaged in the manufacturing and selling of HDPE Woven Sacks Fabrics and Tapes. The petitioner company has employed number of