9911796707
TMI Blog2012 (10) TMI 880X X X X Extracts X X X X X X X X Extracts X X X X ..... dent(s) Mr. R.F. Nariman, S.G., Ms. Hemantika Wahi, Adv. ORDER Heard learned senior counsel appearing for the appellants and learned Solicitor General appearing for the respondents. Leave granted. After this Court, by the Judgment dated 17th January, 2012 held the appellant company liable for the payment of dues towards Sales Tax/VAT to the State Government, the appellant Company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nment. Pursuant to the said order dated 17th July, 2012, the appellant has paid a sum of Rs.1,000/- crores to the State Government out of the total principal amount of Rs.6,169/- crores. That leaves a balance of Rs.5,169/- crores to be paid by the appellant to the State Government towards the principal amount of the Sales Tax/VAT dues. When the matter was thereafter listed on 29th August, 2012, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... date of the judgment of this Court) in eight equal quarterly installments, the first of such quarterly installment being payable on 2nd January, 2013, and the remaining installments being payable every quarter on the 2nd day of the concerned month (i.e. after expiry of the quarter or three months). We may also clarify that the interest of 10% p.a. would be calculated on the reducing balance remai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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