TMI Blog2018 (9) TMI 402X X X X Extracts X X X X X X X X Extracts X X X X ..... further submits that a sum of ₹ 200 crores shall be deposited in the SEBI-Sahara Refund Account on or before 24.07.2018 and another sum of ₹ 200 crores shall be deposited on or before 16.08.2018. The balance amount shall be deposited on or before 12.09.2018. Needless to say, the TDS and other applicable taxes can be deducted as per rules. Be it clarified that if the abovementioned companies violate the time limit indicated above, they shall be liable for contempt of this Court and this Court may think of sending all the Directors to jail. Needless to say, the amount deposited shall be forfeited. Once we have directed for transaction to take place, no one shall create any obstruction in the same. As far as maintenance is c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Varun Singh, Adv. Mr. Rahul Tripathi, Adv. Mr. Vijay Kumar, Adv. Mr. Ram Sajan Yadav, Adv. Mr. Devanshu Yadav, Adv. Ms. Mahima Deepak, Adv. Mr. S. Venkatesh, Adv. Mr. Aditya Gupta, Adv. Ms. Alya Khan, ADv. Mr. Vivek Vashi, Adv. Mr. Biswajit Bhattacharya, Sr. Adv. Mr. Pawan Upadhyay, Adv. Mr. Sarvjit Pratap Singh, Adv. Mr. Vishnu Sharma, Adv. Ms. Anupama Sharma, Adv. Ms. Sonali Negi, Adv. Mr. Mohit Rai, Adv. Mr. Akhileshwar Jha, Adv. Mr. D.L. Chidananda, Adv. Ms. Sadhana Sandhu, Adv. Ms. Anil Katiyar, Adv./ Mr. Arvind Kumar Sharma, Adv. [AOR] Mr. Ramesh Babu M.R., Adv. Ms. Manisha, Adv. Ms. Swati Setia, Adv. For The Applicant(s) : Mr. Paras Kuhad, Sr. Adv. Mr. Jitin Chaturvedi, Adv. Ms. Aditi Tripathi, Adv. Mr. Shuaib Hussain, Adv. Mr. Dhruv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 crores shall be deposited on or before 16.08.2018. The balance amount shall be deposited on or before 12.09.2018. Needless to say, the TDS and other applicable taxes can be deducted as per rules. Be it clarified that if the abovementioned companies violate the time limit indicated above, they shall be liable for contempt of this Court and this Court may think of sending all the Directors to jail. Needless to say, the amount deposited shall be forfeited. Once we have directed for transaction to take place, no one shall create any obstruction in the same. As far as maintenance is concerned it is submitted by Mr. Singh that the revenue generating activities should be allowed. Mr. Khambatta and Mr. Vaidyanathan, learned senior counsel a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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