2021 (3) TMI 338

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....been filed on behalf of the petitioner-company. 1.1 The first affidavit has been filed by, one, Mr. Navneet Singh, who claims to be the director of the petitioner-company. This affidavit is dated 03.03.2021. The affidavit is accompanied by Annexure A-1, which bears out the details of the employees engaged by the petitioner-company. 1.2. The details include the name, the Aadhaar card number, the banker with whom the employees have maintained their accounts, the IFSC code details and the bank account number. We are told that there are 14,600 employees whose details have been given in Annexure A-1. 1.3 Insofar as the other affidavit is concerned, it is sworn by Mr. Prateek Jha, who is also a director in the petitioner-company. This af....

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....nding as on that date as per the respondents is Rs. 20.22 crores which includes the principal amount of Rs. 17.26 crores and interest amounting to Rs. 2.96 crores. 3.2. We are informed, [and this is something which Mr. Satish Aggarwala, who appears on behalf of the Revenue, does not dispute] that the cumulative amount which the respondents claimed prior to 03.03.2021 was approximately Rs. 24,96,42,318/-. The petitioner-company, we are told, has paid Rs. 7.70 crores to the respondents prior to our order dated 03.03.2021. It is on account of this payment that the principal liability got scaled down to approximately Rs. 17.00 crores. 3.3. As noticed above, the interest component, which is, included in Rs. 20.22 crores is Rs. 2.96 crores.....

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....cumulative amount available in the 11 bank accounts is approximately Rs. 5.80 crores.] Therefore, as indicated above, apart from Rs. 2.00 crores whatever balance amount is available in 11 bank accounts, the same will be deposited with the respondents ["excess amount"]. (iii) The petitioner-company will deposit the first tranche of Rs. 5.00 crores with the respondents on or before 31.03.2021. This will be apart from the excess amount that the petitioner-company is required to deposit with the respondents. (iv) Insofar as the remaining tranches are concerned, we will fix the timelines once the petitioner-company fulfils the directions with regard to the payment of monies to the respondents, as set forth hereinabove. ....