In March 2016, the Enforcement Directorate had attached properties including agricultural lands worth Rs 4.5 crore.
Court asks Cognizant to deposit 15% of the disputed amount, or over Rs 400 crore, as security in a suspense account till it decides on the case.
The Tamil Nadu Chemists and Druggists Association will also join the agitation by keeping pharmacies shut.
After a marathon huddle on Thursday — the last day of the six-week deadline given by the Centre — the state cabinet decided that the petition should be filed on Saturday.
Cognizant has been under the scanner of the tax department since November last year, when it was sent across notices over tax incidences arising from share repurchases.
A CA with a popular consulting firm said: "This is an additional tax slapped on a company that purchases its own shares from its foreign shareholders."
Accounts of Cognizant India-- one of the country's largest software firms-- were frozen after it failed to pay DDT of more than Rs 2500 crore in the FY2016-17.
Resignations with little follow-up action on replacements are wreaking havoc on the organisational structure. “
The TDP claims the agitation by the Tamil party aimed ostensibly at exerting pressure on the Centre to set up the Cauvery Management Board may, in fact, have an ulterior motive.
The 13-member lender consortium had declared the accounts of Kanishk as “Non-Performing” between May and July last year.
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