S&A Law Offices successfully represented Ambuja Cement Limited against the Collector of Stamps, Delhi

New Delhi, 21 October 2024: S&A Law Offices acted for Ambuja Cement Limited (ACL), wherein ACL had challenged the order passed by the Collector of Stamps, Delhi, directing ACL to pay stamp duty of ₹218,87,81,917.26 along with a penalty of ₹69 crores on the merger order dated 14.11.2011.

Amongst the various grounds of Challenge, the Hon’ble High Court of Delhi, while holding that an order of amalgamation under Sections 391 to 394 of the Companies Act, 1956 was an instrument exigible to stamp duty, was pleased to hold that ACL was covered under Notification No. 13 dated 25.12.1937.

The Hon’ble High Court also noted that the show cause notice issued by the Collector of Stamp was beyond the prescribed period of limitation. Consequently, the High Court allowed the Writ Petition and set aside the show cause notice and the order passed by the Collector of Stamps, Delhi.

The S&A Law Offices team was led by Mr. Vijay K Singh (Senior Partner) along with Mr. Adhip Kumar Ray (Partner), Mr. Kumar Shashwat Singh Sawno (Principal Associate) and Ms. Simran Sakunia (Senior Associate).

About S&A Law Offices:

S&A Law Offices is a leading full-service law firm in India consisting of experienced and accomplished lawyers. The firm provides comprehensive legal assistance in various practice areas, with strategically located offices across the country. S&A has created a niche in Alternative Dispute Resolution (ADR). In addition, recognised for Litigation, Corporate and M&A, Insolvency & Bankruptcy codes (IBC), Intellectual Property Rights (IPR), Projects (Advisory and disputes), Indirect Taxes, Customs & Trade Laws, and Energy laws and Real Estate Laws.

 S&A Law Offices comprises over 300+ professionals, including experienced lawyers, chartered accountants, company secretaries, patent agents, and industry-specific professionals. We are committed to providing quality legal services with excellent turnaround time, competitive fees, and maximum partner attention on each matter.

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