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2012 (12) TMI 160

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....JJ. Present: Mr. B.B. Bagga, Advocate, for the petitioners.  AJAY KUMAR MITTAL, J.   1. The prayer inter alia, in the present petition filed under Articles 226/227 of the Constitution of India, is for quashing the impugned notices issued by the respondent under Section 13(2) dated 19th March, 2012, 13th June, 2012 and 15th June, 2012 (Annexures P-14, P-22 and P-23) and notice un....

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....e outstanding liability qua principal and interest which according to him is Rs.19.78 crores upto 31.03.2013, subject to the condition that he is granted flexible time schedule to carry out his commitment. Upon consideration of the matter, issue notice of motion for 30.10.2012. Dasti as well. In the meantime, if the petitioners deposits a sum of Rs.2 crores within a period of one week from t....