TMI Blog2017 (11) TMI 804X X X X Extracts X X X X X X X X Extracts X X X X ..... and, a such, TDS Certificate cannot be issued in the name of transferor company i.e. M/s Kesar Enterprise Limited - Held that:- We dispose of this application, directing the respondents not to take any coercive action, as per communication dated 10.11.2017 addressed by the respondent No.3 and further, by directing the respondents to accept the TDS Certificate in the name of the applicant company. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nication dtd.10.11.2017 thereby requiring applicant to submit the TDS Certificate in the name of M/s. Kesar Enterprise Ltd. and if the same is not acceptable to applicant then applicant is required to deposit the amount of ₹ 50 Lakhs failing which respondent authorities have threatened to take coercive action, as being illegal, arbitrary, unreasonable, and contrary to the directions and orde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... med fit and proper by this Hon'ble Court, in the interest of justice; 2. This Court vide order dated 12.10.2017 granted interim relief in favour of the applicant herein, directing the respondents not to take any coercive steps, on condition of depositing an amount of ₹ 5.00 crores in two instalments. It is stated in the application that first instalment amount of ₹ 2.50 crores ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 10.11.2017, the respondent No.3 intimated the applicant to submit the TDS Certificate in the name of M/s Kesar Enterprise Limited, which is the original allottee and if the same is not acceptable to the applicant, then the applicant is required to deposit an amount of ₹ 50.00 lakhs before the due date failing which, action will be taken. 4. Heard learned Senior Counsel, Mr. Mihir T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tement made by learned counsel appearing for the respondents, we dispose of this application, directing the respondents not to take any coercive action, as per communication dated 10.11.2017 addressed by the respondent No.3 and further, by directing the respondents to accept the TDS Certificate in the name of the applicant company. It is made clear that such acceptance is without prejudice to the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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