2022 (1) TMI 1128

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....E MR. JUSTICE S.R.KRISHNA KUMAR PETITIONER (BY SRI PRADYUMNA HEJIB, ADVOCATE AND   RESPONDENTS (BY SRI JEEVAN J NEERALGI, ADVOCATE)   ORDER In this petition, petitioner seeks quashing of the impugned certificate in Form SVLDRS-3 at Annexure-M dated 27.01.2020 calling upon the petitioner to pay a sum of Rs. 6,44,861.20 and for a direction to respondents to issue revised Form S....

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....itted an error of law, fact and jurisdiction in not adjusting the said payments while computing the balance payable by the petitioner as required under Section 124 of the SVLDRS and consequently, impugned certificate deserves to be quashed. 4. Per contra, learned counsel for the respondent submits that the impugned certificate at Annexure-M has been issued strictly in accordance with the provis....

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....nts have not been adjusted towards liability of the petitioner under the SVLDRS are not forthcoming and same are conspicuously absent in the impugned certificate which is a cryptic, laconic, non-speaking and unreasoned certificate, without any application of mind and without assigning any reasons as to why payments made by the petitioner having not been adjusted towards the liability under the SVL....