IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR WEDNESDAY, THE 23RD JULY 2008 / 1ST SRAVANA 1930 WP(C).No. 26826 of 2004(R) -------------------------- PETITIONER: ------------ STEEL COMPLEX LIMITED, FEROKE-673 631, REPRESENTED BY ITS MANAGING DIRECTOR K.UNNEEN KUTTY. BY ADV. SRI.M.PATHROSE MATTHAI (SR.) RESPONDENTS: ------------- 1. THE TAX RECOVERY OFFICER, RANGE II, AYYANKAR BHAVAN, NORTH BLOCK, KOZHIKODE. 2. COMMISSIONER OF INCOME TAX, KOZHIKODE-673 601. BY ADV. SRI.P.K.R.MENON(SR.),SR.COUNSEL FOR IT SRI.GEORGE K. GEORGE, SC FOR IT THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 23/07/2008, THE COURT ON 23/07/2008 DELIVERED THE FOLLOWING: APPENDIX PETITIONER'S EXHIBITS: P1: TRUE COPY OF SHOW CAUSE NOTICE ISSUED BY THE BOARD OF INDUSTRIAL AND FINANCIAL RECONSTRUCTION BENCH II. P2: TRUE COPY OF LETTER DT.24.8.04 ISSUED BY THE GOVT. OF KERALA INDUSTRIES(D) DEPT. P3: TRUE COPY OF LETTER DT.17.8.04 ISSUED BY DEPUTY GENERAL MANAGER, STATE BANK OF INDIA. P4: TRUE COPY OF ORDER OF ATTACHMENT OF IMMOVABLE PROPERTIES DT.3.9.04 ISSUED BY R1. P4(a): TRUE COPY OF ORDER OF ATTACHMENT OF IMMOVABLE PROPERTIES DT.10.9.04 ISSUED BY R1. P5: TRUE COPY OF JUDGMENT IN O.P. NO.16811/1995 DT.11.12.98 BY HON'BLE HIGH COURT OF KERALA. TRUE COPY PA TO JUDGE C.N.RAMACHANDRAN NAIR, J. .................................................................... W.P.(C) No.26826 of 2004 .................................................................... Dated this the 23rd day of July, 2008. JUDGMENT Counsel for the petitioner submitted that petitioner which was a Government of Kerala Company became sick and revival is in progress. It is now reported that the Company is tied up with Steel Authority of India which is a Central Government undertaking, for revival. Since the Company commenced production in collaboration with Steel Authority of India, W.P. is disposed of granting six months time to the petitioner to clear the arrears of income tax. C.N.RAMACHANDRAN NAIR Judge pms