1993 (9) TMI 117 - HC - Central Excise

Summary

The High Court of Judicature at Madras directed the petitioner to deposit Rs. 7,00,000/- as a condition for staying the demand for payment of penalty. The Tribunal had initially asked for Rs. 20,00,000/-, but the High Court modified the amount to Rs. 7,00,000/- considering the petitioner's inability to pay the balance. The appeal was directed to be disposed of one way or the other, and there were no costs ordered.