Shopper's Stop Limited - Securities and Exchange Board of India

Writ Petition No. 39258 & 59/1999
Mass Traders Pvt.Ltd. Vs. The Approp. Authority & ors.
This case has arisen under Chapter XX-C of the Income Tax Act. The Appropriate
Authority has passed an order of purchase for a consideration of Rs.1,84,06,825/-.
Income Tax Department has paid the sale consideration to the Vendors and is in
possession. Action of Appropriate Authority has been challenged under above Writ
Petition. Though the matter appeared number of times in the hearing list the arguments of
both the sides did not take place.
The matter continually appears in the hearing list, and at any time arguments are likely to
take place.
D) Litigation pending – Sales Tax /Luxury Tax
K. RAHEJA DEVELOPMENT CORPORATION vs Commissioner of Sales Tax
SLP - Civil 4329/2000
Sales Tax revision Petition No 120/96 filed by K. Raheja Development Corporation in the
matter of sales tax/ works contract tax was disallowed by the High Court on 19 -11-
1999 K. Raheja Development Corporation has filed Special Leave Petition before the
Supreme Court later converted to C.A No 2766/2000 challenging the aforesaid order
dated 19 -11-1999. The matter has not yet appeared in the hearing list of the Supreme
Court
The Matter is pending before the Supreme Court
E) Litigation pending –Customs and Excise Gold Control Appellate (‘CEGAT’) among
other things
There are none
F) Litigation pending-Money Recovery and other Civil Suits
Original Suit. 10234/83
City Civil Court, Bangalore
Arjun M. Menda (K. RAHEJA DEVELOPMENT CORPORATION) Vs. Narasamma &
Others
Agreement-cum-letter dated 4.11.1980 was made by Smt. Narasamma and Sri
Venkataramana, agreeing to grant a lease of land measuring 3 Acres on Cunningham
Road, Old No.5, New No.9. They failed in honouring the contract. Hence, the suit has
been filed praying interalia, to get the Declaration that the agreement to lease dated
4.11.1980 is valid, subsisting and binding on the first and the second Defendants i.e.
Smt.Narasamma & Sri Venkataramana or in the alternative a decree for Rs.1,01,000/-
with interest thereon at 18% per annum from the date of the suit till realization.
In the meanwhile, the Defendants 1 and 2 moved the Trial Court for amendment of the
Written Statement for which objections were filed by the Plaintiff. After hearing, the Trial
Court, on 19.01.2002, allowed the applications for amendment. The said Order has been
challenged by the Plaintiff in the High Court by way of CRPs and got the stay of the
operation of the said order dated 19.01.2002. The CRP No.945/2002 is still pending
before the High Court for final orders.
Currently awaiting further Orders from the High Court, the Trial Court has kept on
adjourning the case. The present adjourned dated is 31.08.2004.
Summary Suit No16135/2001
City Civil Court, Bangalore
K. RAHEJA DEVELOPMENT CORPORATION Vs. Vinayaka Enterprises & Partners
(Recovery suit)
M/s. Vinayaka Enterprises defaulted in paying the amounts in terms of the agreement
dated 27.06.1998 entered by it with K. Raheja Development Corporation. Hence Summary
suit has been filed on 17.08.2001, for recovery of money amounting to Rs.24,10,16,071/-
from M/s. Vinayaka Enterprises and its partners. The Defendants have been granted
leave to defend the suit unconditionally by the trial court overruling the Plaintiff's objection.
Hence Civil Revision Petition No.2846/2003 has been filed in the High Court. The High
Court has ordered on 2.3.2004 to appear before the Lok Adalat to explore possibility of a
settlement.
The matter is awaited to come up before the Lok Adalath.
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