9911796707
TMI Blog2023 (7) TMI 1212X X X X Extracts X X X X X X X X Extracts X X X X ..... ve any property, which can be easily sold to clear the dues of the respondent herein. However, the intent of the petitioner appears to be sincere despite the odds stacked against them. Therefore, this Court is of the view that the petitioner must be permitted to show their bona fides and settle the dues. With this intent and in the interest of justice, the Writ Petition is allowed permitting the petitioner to pay the amount in installments. The calculation sheet provided by the respondent is taken as the calculation for the repayment of the amount. In the calculation submitted by the respondent, the first installment payable is a sum of Rs.10,00,000/- together with interest of a sum of Rs. 11,29,919/-, totally a sum of Rs.22,30,037/-. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sum in easy installments. In response to the above letter, the petitioner, vide letter dated 29.12.2022, was directed to pay the above sum in three installments, which is as follows:- a) a sum of Rs.31,83,690/- was directed to be paid on or before 06.01.2022; b) a sum of Rs.50,00,000/- was directed to be paid on or before 31.01.2023; and c) further a sum of Rs.50,00,000/- was directed to be paid on or before 28.02.2023; 4. This was totally unworkable as far as the petitioner is concerned and on 20.01.2023, the petitioner had paid a sum of Rs.20,00,000/- and on 31.01.2023, a further sum of Rs.11,83,690/- had also been paid thereby clearing the first installment of Rs.31,83,690/-. With regard to the remaining amount of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7/2022 to 10/2022=4M on Rs. 13345480/- @ 1% 533819 Balance Tax Payable 13195480 Less: Tax paid on 20.01.2020 31.01.2023 3183690 11/2022 to 1/2023=3M on Rs.13195480/- @ 1% 395864 Balance Tax Payable 10011790 2/2023 to 3/2023=2M on Rs.10011790/- @ 1% 200236 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dec 2023 1000000 2011790x1%=20118 20118 1020118 Jan'2024 1011790 1011790x1%=10118 10118 1021908 Total 10011790 1681099 11692889 8. Heard the learned counsels appearing on either side. 9. Admittedly, the petitioner company has been wound up and the entire affairs of the company now rest with the official liquidator. The petitioner company does not have any property, which can be easily sold to clear the dues of the respondent herein. However, the intent of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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