2013 (11) TMI 446 - HC - Customs

Waiver of recovery - Issue of interim order - Process of making export - Irreparable injury and loss - Held that - if the appellant deposits a sum of Rs. 3,00,000,00 in cash and furnishes security other than cash or bank guarantee to the extent of Rs. 9,00,000,00 to the satisfaction of the respondent no. 2, the recovery against the appellant shall not be pressed in the meantime - Stay granted partly.

Summary

The High Court of Allahabad granted the appellant six weeks to file a counter affidavit. An interim order required the appellant to deposit Rs. 3 crore in cash and provide security of Rs. 9 crore to halt recovery proceedings. The case was listed for the first week of July 2013.