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TMI Blog2019 (12) TMI 1568X X X X Extracts X X X X X X X X Extracts X X X X ..... appropriate action. As on today they have to comply with the order of NCLT. As far as provident fund dues are concerned and in as much as said order is passed by NCLT, dues are arrived at on the basis of respondent No.3 s representation. Respondent No.3 is directed to remove the seal by tomorrow affixed on the property of the petitioner No.1 taken over by petitioner No.2 - Petitioner No.1 shall deposit with respondent No.2 an amount of ₹ 40,77,899/- within a week from today - Balance amount of ₹ 4 Crores as per NCLT order dated 11/11/2019 shall be deposited by the petitioner with respondent No.3 on or before 10/02/2020. Petition allowed. - Writ Petition No. 12386 of 2019 - - - Dated:- 3-12-2019 - Ranjit More M.S. Ka ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hased the factory of petitioner No.2. Under the said proceedings, ₹ 67,61,06,870.10/- is to be deposited as per schedule. 5. In the present case, we are concerned with the provident fund dues. NCLT, having considered the respondent No.3 s claim has disclosed in their E-mail dated 26/07/2019, copy of which is at page 35 to the Petition and concluded that the same are at ₹ 4,40,77,899/- and petitioner No.1 was to pay this amount within a period of 3 months. In terms of this order, petitioner No.1 is obliged to deposit this amount on or before 10/02/2020. 6. The present Petition is filed firstly on the ground that petitioners are ready and willing to deposit the amount of provident fund dues as per directions by NCLT and seco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eeks time. We grant the request. We defer the hearing of this Petition to 09/01/2020. Till then, by way of ad-interim relief, we pass following order. ORDER i) Respondent No.3 is directed to remove the seal by tomorrow affixed on the property of the petitioner No.1 taken over by petitioner No.2 under NCLT order dated 11/11/2019. ii) Petitioner No.1 shall deposit with respondent No.2 an amount of ₹ 40,77,899/- within a week from today. iii) Balance amount of ₹ 4 Crores as per NCLT order dated 11/11/2019 shall be deposited by the petitioner with respondent No.3 on or before 10/02/2020. 9. It is made clear that the contention of the respondent No.3 that they are entitled to recover amount of ₹ 23 crores from ..... X X X X Extracts X X X X X X X X Extracts X X X X
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