Blueblood Ventures Limited Vs Deuty Commissioner of Income Tax


Last updated: 01 June 2021

Court :
Delhi High Court

Brief :
It is the petitioner’s case that it owed monies to an entity, going by the name, Shridham Distributors Private Limited [in short 'SDPL']. According to the petitioner, the debt owed to SDPL was defrayed, by transferring Zero Coupon Optionally Convertible Debentures [in short ‘ZOCD’] of another entity, namely Devoted Construction Limited, amounting to Rs.21,37,00,000/-. This transaction, the petitioner avers, was completed on 28.03.2019.

Citation :
W.P.(C) 5460/2021

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