WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...

WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM
Litigation involving the Company and its Directors:
There is no pending litigation involving the Company or its Directors as of the date
hereof.
Litigation against subsidiaries of the Company:
There is no subsidiary of the Company.
Material litigation involving the TVS Group (the Indian promoter) and the
Indian Promoter group companies:
A. TVS Group:
1. T V SUNDRAM IYENGAR & SONS LIMITED
There are disputed liabilities in respect of appeals filed by or against the
Company in various forums as detailed below:
Particulars Forum where disputes are pending Disputed amount
Rs. in lakhs
Sales tax Andhra Pradesh High Court 135.57
Service tax Madras High Court 35.07
2. SUNDARAM INDUSTRIES LIMITED
There are disputed liabilities in respect of appeals filed by or against the
Company in various forums as detailed below:
Particulars Forum where disputes are pending Disputed amount
Rs. in lakhs
Central Excise Quasi-judicial authorities 108.23
Service tax Quasi-judicial authorities 109.87
Service tax Madras High Court 44.44
Service tax Supreme Court 3.08
Sales tax Madras High Court 732.64
Sales tax The Commercial Tax Officer 8.27
3. SOUTHERN ROADWAYS LIMITED
There are no disputed liabilities in respect of appeals filed by or against the
Company except in the case of income tax demand of Rs.38.27 lakhs against
which a sum of Rs.19.14 lakhs has been paid or adjusted against the refund,
if any. A writ petition was filed before the High Court of Madras and admitted.
Provision has been made in the books of account for the entire demand.
4. SUNDARAM FINANCE LIMITED
There are disputed liabilities in respect of appeals filed by or against the
Company in various forums as detailed below:
Rs. in lakhs
Particulars Forum where disputes are pending Disputed
amount
Sales tax Various appellate authorities 105.08
Service tax Commissioner Appeals 13.68
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