Mr. Ajay Rana, Director of Sarika Industries Pvt. Ltd., filed an appeal against Sanjay Kumar Goel & Anr. The appellant claimed that the principal amount for which the application was filed was Rs. 79,82,857/-, which they had not disputed in reply to a demand notice. However, the GST Department allegedly instructed the appellant not to make the payment to the Operational Creditor. Consequently, proceedings were initiated against the appellant, requiring them to reverse the entire input tax credit. The respondent relied on an order from the Delhi High Court in W.P.(C) 6208/2019. The NCLAT directed the appellant to deposit Rs. 79,82,857/- as a fixed deposit with the Registrar, NCLAT.

Mr. Ajay Rana, Director of Sarika Industries Pvt. Ltd., filed an appeal against Sanjay Kumar Goel & Anr. The appellant claimed that the principal amount for which the application was filed was Rs. 79,82,857/-, which they had not disputed in reply to a demand notice. However, the GST Department allegedly instructed the appellant not to make the payment to the Operational Creditor. Consequently, proceedings were initiated against the appellant, requiring them to reverse the entire input tax credit. The respondent relied on an order from the Delhi High Court in W.P.(C) 6208/2019. The NCLAT directed the appellant to deposit Rs. 79,82,857/- as a fixed deposit with the Registrar, NCLAT.