RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
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High Court of Punjab<br />
And Haryana at<br />
Chandigarh.<br />
5. Associated Distilleries<br />
Ltd.<br />
Vs.<br />
Excise & Taxation<br />
Commissioner,<br />
Haryana, Chandigarh<br />
Excise & Taxation<br />
Commissioner,<br />
Haryana, Chandigarh.<br />
A notice was issued on<br />
Associated Distilleries Ltd.<br />
in the year 1995-96<br />
imposing penalty for<br />
alleged non-compliance of<br />
the notification by the<br />
department which was<br />
confirmed by the<br />
Commissioner. A writ<br />
petition was filed by<br />
Associated Distilleries Ltd.<br />
in the High court claiming<br />
that the notification was<br />
ultra vires and on the<br />
ground that there was a<br />
shortage of new bottles for<br />
packaging of liquor and<br />
therefore old bottles were<br />
used. In the interim,<br />
Associated Distilleries Ltd.<br />
also filed a Special Leave<br />
Petition in the Hon’ble<br />
Supreme Court of India<br />
against the order dated<br />
13.10.1997 of the Hon’ble<br />
High Court asking for the<br />
payment of whole amount<br />
of penalty. The Hon’ble<br />
Supreme court directed<br />
Associated Distilleries to<br />
deposit Rs 10,00,000 and<br />
ordered that the rest of the<br />
issue is to be decided by<br />
the Hon’ble High Court .<br />
The Government provided<br />
for the ratio of filling old<br />
and new bottles and on<br />
account of excess filling of<br />
old bottles, the recovery<br />
orders were passed by<br />
Excise & Taxation<br />
Commissioner, Haryana.<br />
Rs. 11,11,279 of<br />
penalty.<br />
In case of an<br />
adverse decision,<br />
Associated<br />
Distilleries will<br />
have to pay the<br />
whole amount of<br />
penalty.<br />
Adjourned<br />
till<br />
disposal of<br />
Case No.<br />
C.W.P<br />
11641/199<br />
7 as the<br />
point<br />
issue<br />
similar.<br />
in<br />
is<br />
(c)<br />
Recovery Suits<br />
Sl.<br />
No.<br />
Parties/<br />
Case no. /<br />
Court<br />
6. Associated Distilleries<br />
Ltd.<br />
Vs.<br />
Essar Liquor and Ors.<br />
Suit No. 153 of 2002.<br />
Civil Judge, Tis Hazari,<br />
Particulars of the Case<br />
Associated Distilleries Ltd.<br />
appointed M/s Essar Liquor<br />
as the marketing agent for<br />
North Eastern Territory for<br />
sale of Indian Made<br />
Foreign Liquor by an<br />
agreement<br />
dated<br />
29.11.1999 according to<br />
Amount<br />
involved<br />
Rs.2,33,780.50<br />
(Rs. 2,14,477.50<br />
plus Rs. 19303/-<br />
towards interest)<br />
Financial or<br />
other<br />
impact on the<br />
Company in<br />
case of an<br />
adverse<br />
decision<br />
In case of an<br />
adverse<br />
decision or the<br />
Associated<br />
Distilleries will<br />
suffer the loss<br />
of the amount<br />
not paid.<br />
Present<br />
Status<br />
Matter is<br />
pending for<br />
evidence of<br />
Defendants.<br />
Next date<br />
of hearing<br />
September<br />
7, 2009<br />
204
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