2012 (1) TMI 307 - SCH - Central Excise

Stay of judgement - the decision in the case of VVF LTD. & 1 Versus UNION OF INDIA & 1 2010 (3) TMI 1191 - GUJARAT HIGH COURT sought to be stayed - Held that - we direct that operation of the impugned judgment shall remain stayed till further orders subject to the petitioners releasing to the respondents 50% of the amount due to them in terms of the impugned judgment on the respondents furnishing solvent surety to the satisfaction of the jurisdictional Commissioner within four weeks of their furnishing the said surety - petition disposed off.

Summary

The Supreme Court stayed the operation of the impugned judgment, directing the petitioners to release 50% of the amount due to the respondents upon furnishing solvent surety to the jurisdictional Commissioner.