Page 123 - KRCL ENglish

Amount deposited Amount not
Periods to which Gross disputed under protest/
Name of Nature of Form where dispute deposited
Statute Dues is pending the amount amount Rs. adjusted by Rs. in
relates in Crores tax authorities Crores
Rs. in Crores

Finance Act Service Tax Mumbai High Court 2009-10 to 2014-15 704.40 10.00 694.40
Income Tax Corporate CIT (Appeal)-24, 2007-08 to 2014-15 718.70 Nil 718.70
Act Tax Mumbai
Jharkhand Value Value Added Patna High Court 2004-05 to 2008-09 19.00 Nil 19.00
Added Tax Act Tax Act

Total Disputed Statutory Dues which have not been disputed 1442.10 10.00 1432.10

Note – The Demand of Tax Deducted at Source (TDS) amounting to Rs. 0.60 Crores
appearing in the income tax portal is not considered in the above disputed dues
considering the fact that same arises out of mismatch in the information provided by
the company and information available with Income Tax Portal.

(viii) According to the information and explanation given to us the Company has not
defaulted in the repayment of loans or borrowings from banks, nancial institutions
and Bond Holders. Further the company did not have any outstanding loans or
borrowings from Government and there are no dues to debenture holders during the
year.

(ix) During the year, the Company has not raised moneys by way of initial public offer or
further public offer (including debt instruments), so the question of application of
funds does not arise. The company has raised money by way of Term loans during the
year and in our opinion and according to the information and explanations given to us
the money raised were utilised for the purposes for which term loan was availed.

(x) To the best our knowledge and according to the information and explanations given to
us, no material fraud by the Company or on the Company by its ofcers or employees
has been noticed or reported during the year nor have we been informed of such
cases by the management.

(xi) As per notication No. G.S.R. 463 (E). dated 5th June' 2015 issued by Ministry of
Corporate Affairs, the Provisions of section 197 of Companies Act 2013 is not
applicable to the Company, being a Government Company. Accordingly, paragraph
3(xi) of the Order is not applicable.

(xii) According to the information and explanations given to us, the Company is not a Nidhi
company. Accordingly, paragraph 3(xii) of the Order is not applicable.

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