2017 (6) TMI 1403

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..... est that the dues towards Responsive Industries Ltd. was more than Rs. 5 crores. It is also not disputed that Responsive Industries Ltd. has deposited Rs. 5 crores with the department. The amount which is lying in excess with the department was appropriated for the dues of the sister concern Axiom Cordages Ltd. No provision of law has been pointed out that the same is not permissible. Thus, no int .....

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..... ounsel for the respondents in the respective Writ Petition supports the impugned order and submit that an amount of Rs. 5 crores was deposited by the Responsive Industries Ltd. The liability of the Responsive Industries Ltd. is Rs. 14,47,388/ and the liability of Axiom Cordages Ltd. is Rs. 3,76,636/ . They are sister concern. The excess amount was available with the department of Responsive Indust .....

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