LAWS(SC)-2012-3-68

GLAXOSMITHKLINE PHARMACEUTICALS LTD. Vs. UNION OF INDIA

Decided On March 26, 2012
GLAXOSMITHKLINE PHARMACEUTICALS LIMITED AND ANOTHER Appellant
V/S
UNION OF INDIA AND ANOTHER Respondents

JUDGEMENT

(1.) Notice.

(2.) The Demand Notice Issued By The Respondents Dated 10-10-2011 Is Stayed During The Pendency Of This Special Leave Petition, Subject To The Petitioner Company Depositing A Sum Of Rs 13,682 Lakhs In Three Equal Instalments Within Six Months' Time From Today. We Have Arrived At This Figure Keeping In View The Memo Of Calculation Filed By The Petitioner Company Pursuant To The Directions Issued By This Court On The Last Date Of Hearing.

(3.) If For Any Reason, The Petitioner Company Defaults In Making Payment Of Any One Of The Instalments, The Respondents Are At Liberty To Take Effective Steps To Recover The Entire Interest Demanded In The Demand Notice Dated 10-10-2011.