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TMI Blog2019 (9) TMI 1354X X X X Extracts X X X X X X X X Extracts X X X X ..... y under Section 271 (1) (c) - HELD THAT:- We are inclined to restore the immunity granted to the Petitioner by the Settlement Commission considering the fact that the Petitioner has deposited an amount of 4 crores during pendency of these proceedings; the Petitioner had undertaken to pay the entire amount in terms of the order passed by the Settlement Commission along with interest payable under t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hi Singh and Mr. Lakshman, Advocates For The Petitioner. Mr. Ruchir Bhatia, Senior Standing Counsel with Mr. Karthik Desai For The Respondent. ORDER 1. The matter had been heard at length yesterday and has been kept today for clarifying only on a small aspect as to whether while passing the impugned order dated 18.06.2019 the Settlement Commission could have straightaway imposed the penalty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 27.11.2015 be restored and the Petitioner be granted time to make payment of the outstanding amount in two instalments. He seeks to deposit 4 crores on or before 31.12.2019 and the remaining amount on or before 31.03.2020. He submits that the Petitioner shall not seek any further time or any waiver of any amount or interest and shall pay the same in accordance with the impugned order and in terms ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner, the immunity should not be restored. We are however, inclined to restore the immunity granted to the Petitioner by the Settlement Commission considering the fact that the Petitioner has deposited an amount of ₹ 4 crores during pendency of these proceedings; the Petitioner had undertaken to pay the entire amount in terms of the order passed by the Settlement Commission along with inter ..... X X X X Extracts X X X X X X X X Extracts X X X X
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