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2015 (11) TMI 604 - SUPREME COURT

2015 (11) TMI 604 - SUPREME COURT - 2015 (325) E.L.T. 230 (SC) - Demand of interest - Rejection of application under Kar Vivadh Samadhan Scheme, 1998 - Rejection on the ground that SCN already issued - Held that:- In the meantime, the respondents recovered the entire amount by encashing the Bank Guarantee on 13.10.2003. In view thereof, it is not necessary to go into the issue and we are of the opinion that having regard to the peculiar facts of this case and also that the appellant has some arg .....

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Arijit Prasad, Adv., Mr. R. S. Jena, Adv. And Mr. B. Krishna Prasad, Adv. ORDER Having regard to the nature of order which we propose to pass, it is not necessary to traverse through the facts in detail. Suffice it is to mention that there was a liability of tax in the sum of ₹ 35,44,614.55/- in respect of which the appellant had furnished the Bank Guarantee as well. There were various litigations pending between the parties and the appellant had also filed civil suit seeking restraint ord .....

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