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).