Redemption fine covered under SVLDRS scheme: Bombay HC

HP Adhesives Limited Vs Union of India (Bombay high court) The Petitioner applied under the SVLDRS Scheme. The application was rejected on the ground that redemption fine is not covered under section 125 of the SVLDR Scheme. Accordingly, the petition was filed against such rejection. The Hon’ble High Court of Bombay set aside such rejection and allowed the petition. It was held that redemption fine is also covered under SVLDR scheme. Follows Hon’ble High Court of Gujarat judgement in identical facts holding that redemption fine would follow tax. Directs issuance of discharge certif...