NCLT Upholds Directive: Appellant Must Deposit Unpaid TDS After Section 9 Application Withdrawal and Settlement Approval.

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....Validity of directions issued by the NCLT after permitting the withdrawal of application - Direction to deposit the unpaid TDS amount, deducted from the employees - While permitting withdrawal of Section 9 Application, the Adjudicating Authority could have passed an order taking into consideration the Settlement entered between the parties. Hence, direction to Appellant to deposit the deducted amount of TDS cannot be faulted. - AT....