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2018 (4) TMI 1109 - MADRAS HIGH COURTPayment of interest in installments - extension sought on the ground that there is a deficit in working capital due to additional investment in the new project - Held that: - the petitioner has not challenged the order passed by the first respondent on merits. They are ready and willing to comply with the direction of payment of interest liability. They seek four months' time to pay the balance of interest liability - taking note of the fact that the additional amount of service tax as settled by the first respondent to the tune of ₹ 63,13,770/- and penalty to the tune of ₹ 1.80 lakhs have already been paid, this Court is inclined to grant time to the petitioner to settle the balance of interest liability - petition allowed.
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