2019 (9) TMI 1562

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....JOSEPH For the Petitioner : Mr. Kamini Jaiswal, AOR, Mrs. Rani Mishra, Adv., Ms. Pratiksha Tripathi, Adv. For the Respondent : Mr. Pratap Venugopal, adv., Mr. Surekha Raman, Adv., Ms. Viddusshi, Adv., M/S. K J John And Co, AOR ORDER We have heard learned counsel for the parties. The Adjudication Order dated 22nd April, 2003 leaves no matter of doubt that the appellants before us wer....

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....rt was rejected vide impugned order dated 30^th October, 2018. It has been brought to our notice that in pursuance of the Adjudication Order, a notice of demand dated 21^st September, 2017 was served on the appellants which included the penalty amount as also the interest from the date of imposition of the penalty to the date of the notice @ 12% p.a. amounting to Rs. 2,59,693/- (Two lakhs fifty....

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....facts of the case, to compounding of the offence subject to any penalty which may be imposed under Section 24(2) of the said Act. In view of the facts set out herein and the age of the directors, despite the earlier reservation expressed by the respondents in the counter affidavit on account of the conduct of the appellants, we are inclined to compound the offence on the aforesaid amount being ....