Undertaking accepted and binding pending proof of payment, while the exact tax liability and interest remain open.

The Court accepted the petitioner's undertaking regarding payment of the admitted principal amount and the proposed schedule for interest payment, and treated the petitioner as bound by that undertaking. The respondents disputed both the exact outstanding principal and the partial payment claimed, so the Court directed proof of payment to be placed on record. Determination of the correct outstanding tax liability and interest payable was deferred to the next date of hearing, leaving the fiscal dispute unresolved pending further verification.

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Issues: Whether the undertaking given on behalf of the petitioner was accepted and whether the petitioner remained bound by it pending determination of the correct outstanding tax liability and interest.

Analysis: The order records the petitioner's statement as to payment of the admitted principal amount and the proposed schedule for payment of the interest component. The respondents disputed the exact outstanding principal and also disputed partial payment claimed by the petitioner. The Court directed proof of payment to be placed on record and deferred determination of the correct outstanding amount and the interest payable to the next date. In the meantime, the Court accepted the undertaking given on behalf of the petitioner and treated the petitioner as bound by it.

Conclusion: The undertaking was accepted and the petitioner was held bound by it, while final determination of the outstanding amount and interest was left open.

Final Conclusion: The dispute on the exact fiscal liability was not finally decided and was kept pending for determination on the next date of hearing.

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