2024 (1) TMI 499

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..... ing modifications. The amount of Rs. 2,956 Crores comprising of Rs 1,500 Crores offered by way of cash and Rs. 1,456 Crores towards Fixed Deposit Receipts (FDRs) can be encashed by the Union. We also record the undertaking of the learned ASG, who on instructions submitted that amount will be refunded within four weeks along with interest accrued in the event petitioner s appeals are allowed by .....

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..... UPON hearing the counsel the Court made the following. We are not inclined to interfere with the order passed by the High Court except for the following modifications. The amount of Rs. 2,956 Crores comprising of Rs 1,500 Crores offered by way of cash and Rs. 1,456 Crores towards Fixed Deposit Receipts (FDRs) can be encashed by the Union. We also record the undertaking of the learned ASG .....

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