2000 (7) TMI 305 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Chennai granted waiver of pre-deposit and stay of recovery in a case where the appellants' factory had been taken over by a financial institution, leading to a halt in manufacturing. The matter was remanded to the Commissioner (Appeals) for de novo consideration without insisting on pre-deposit, with a direction to decide the case on merits after granting a personal hearing to the appellants.