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Britannia Industries Ltd. and Anr. Versus Union of India and others

2016 (12) TMI 1613 - CALCUTTA HIGH COURT

Deceleration of Rule 29(2) of the Income Tax Rule 1962 as ultra vires - Trustees should be removed and the Association should be allowed to run the said Company and that suit was decreed - Both the parties have settled the matter amicably before the Mediation Centre - Held that:- Considering the submission advanced by the learned advocates and after perusing the record I am of the view that justice would be sub-served if the respondent no.2, the Commissioner of Income Tax, Kolkata–III is directe .....

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e money which has already been deposited by the respondent no.3 pursuant to the Court’s order will be utilized by the respondent no.3 in terms of the settlement which has been approved by the Hon’ble Karnataka High Court. - W. P. 12951 (W) of 2007 with CAN 11463 of 2016 - Dated:- 15-12-2016 - Samapti Chatterjee, J. For the Petitioner : Ranjeet Kr. Murarka, Sutapa Roy Choudhury, Md. Nijamuddin, Soumya Roy For the Respondent : Udayan Datta, Dibanath Dey ORDER The petitioner has filed the present w .....

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urarka further submits that during pendency of the writ petition some of the Ex-Employees/Pensioners of the Company formed an Association namely Britannia Industries Limited Pensioners Welfare Association (hereinafter referred to as the Association). The said Association in a representative capacity filed a Civil Suit in the City Civil Court at Bangalore being O.S. No.25868 of 2008 against the Company thereby praying inter alia that the Trustees should be removed and the Association should be al .....

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of the valid settlement entered into by both the parties. With this direction the appeals were disposed of by the Hon ble Karnataka High Court. With the present application being CAN No.11463 of 2016 Mr. Murarka prayed implementation of the settlement dated 29th August, 2016 which was subsequently approved by the Hon ble Karnataka High Court by the order dated 18th October, 2916. This submission of Mr. Murarka is not disputed by Mr. Nijamuddin, learned advocate appearing for the authority and by .....

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