Disposed

Swiss Singapore Overseas Enterprises Pte Ltd. v. Sara International Pvt. Ltd.

Delhi HC2 May 2018O.M.P.(EFA)(COMM.)/2/2017

Case brief

AI extract

What is this about?

This order passed by consent directs the respondent to deposit the remaining claim amount within four weeks, ensuring the withheld tax is credited to the petitioner's PAN, with liberty to revive the petition if payment is delayed.

What did the court decide?

Respnt to deposit Rs.58.70 lakhs plus tax within four weeks ensuring credit to Petitioner's PAN; liberty to revive if not done.

Swiss Singapore Overseas Enterprises Pte Ltd… — Contract and Commercial Disputes | Delhi HC (2018)

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$~41

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(EFA)(COMM.) 2/2017 & IA No.4649/2018

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SWISS SINGAPORE OVERSEAS ENTERPRISES PTE LTD. ..... Petitioner Through: Ms Vanita Bhargava and Mr Aseem Chaturvedi, Advocates.

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versus

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SARA INTERNATIONAL PVT. LTD ..... Respondent Through: Mr Vipul Ganda and Mr Raghav Kakkar, Advocates.

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CORAM:

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HON'BLE MR. JUSTICE VIBHU BAKHRU O R D E R

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% 02.05.2018

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The learned counsel appearing for the respondent states that he is carrying a demand draft for a sum of `58.70 lakhs in favour of the Registrar General of this Court. He states that the balance amount has been deducted as withholding tax at the rate of 42%. The learned counsel appearing for the petitioner states that the document provided by the respondent indicating deposit of withholding tax does not indicate the petitioner’s PAN number. He further states that the respondent would also be liable for further interest, which is accruing on a daily basis.

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In order to avoid any further delay, the learned counsel appearing for the petitioner states that the amount of `58.70 lakhs plus the withholding tax as offered by the respondent would be frozen, provided that all other formalities for remittance of the amount are completed within a period of

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four weeks from today. The respondent shall cooperate with the petitioner for remission of the said amount within a period of four weeks. The respondent shall also take the necessary steps for ensuring that the credit of the withholding tax is made available to the petitioner including by ensuring that the withholding tax is deposited against the petitioner’s PAN number. This order has been passed with the consent of the learned counsel for the parties and the directions passed on 07.03.2018 are modified to the aforesaid extent.

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The petition is disposed of with the aforesaid directions and with liberty to the petitioner to revive the petition, if the payment is not remitted within a period of four weeks from today. The pending application is also disposed of.

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VIBHU BAKHRU, J

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MAY 02, 2018 MK

Swiss Singapore Overseas Enterprises Pte Ltd. v. Sara International Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

Swiss Singapore Overseas Enterprises Pte Ltd. v. Sara International Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

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