Monday, March 29, 2010

DEMAND NOTICE : DRT -1 -AHMEDABAD-IDBI

{Ministry of Finance, Government of India)

1st Floor, Diamond Jubilee Hall, Ashram Road, Ahmedabad-380014

(See Section 25 to 29 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 read with Rule 2 of Second Schedule of the Income Tax Act-1961)
FORM NO. ITCP 1 (RO-27)
R.P. No. 67/2009
O.A. No. 51/1999

Certificate Holder: Industrial Development Bank of India Ltd.
(Present Name: IDBI Bank Ltd.)
C.G. Road, Ahmedabad.

VERSUS

Certificate Debtor: M/s. The Radhkishan Cement Ltd. & Ors.

C/D. No. 2: Bhikhubhai N. Patel, Mansons, Bhaikaka Road, Anand.

C/D. No. 3: Jayantilal G. Roy,
45/46, Podar Chambers, SA Brelvi Road, Mumbai - 400 023

C/D. No. 4: Kirit G. Shah,
806, Cumbalia Crest. 42, Peddar Road. Mumbai-400 026

C/D. No. 5: Chandrakant M.Patel,
6, Krishna Housing Society, Station Road, Anand.

Take notice that certificate No. R.P. 67/2009 dated 05.06.2009 u/s. 19(22) of the Recovery of Debts Due to Banks & Financial Institutions Act. 1993, has been issued against you and forwarded to the undersigned by the Presiding Officer for recovery of Rs. 21.03,35.242=00 (Rupees Twenty One Crores Three Lacs Thirty Five Thousand Two Hundred Forty Two Only) with Cost and Interest as per Recovery Certificate the details of which are given below.

You are hereby directed to pay the above stated sum within 15 days from the receipt of this notice, failing which, the recovery shall be made in accordance with the Provisions contained in chapter V of the Recovery of Debts Due to Banks & Financial Institutions Act, 1993 and the second and third Schedules to the Income-Tax (certificate proceedings) Rules, 1962.

In addition to the aforesaid amount you will also be liable for all costs, charges and expenses incurred in respect of the service of this notice and of warrants and other processes etc and of all the other proceedings taken for realizing the arrears.

Details of amount mentioned in the Recovery Certificate issued pursuant to Judgment & Order U/s. 19(4) of the Act. Passed in O.A. No. 51/1999 dated 24.04.2009.

1 : Rs. 21,03.35,242=00 - Certified Dues
2 : Rs. 1,75,000=00 - Cost of the Suit
3 : Rs. 13,30,98,989=00 - Simple Interest @ 6% p.a.from 15.12.99 to 30.06.09.
4 : Nil - Less: Amount received after filing of suit.
5 : Rs. 34,36,09.231=00 - Total

(Rs.: Thirty Four Crores Thirty Six Lacs Nine Thousand Two Hundred Thirty One Only.)

Note: Liability of defendants 2 to 5 shall be restricted to Rs. 17,45,00,000=00 With
simple interest § 6% thereon from 15.12.1999 until realization.

Given under my hand and seal of the Tribunal this 31st day of December, 2009.

Place: Ahmedabad
Next Date: 30.03.2010

Sd/-
(8. K. PANDEY)
Recovery Officer
Debt Recovery Tribunal-i
Ahmedabad.


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