2001 (7) TMI 1111

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..... [Order per : Gowri Shankar, Member (T)]. The application for modification of the stay order earlier passed by the Tribunal urges two grounds. 2. The first is that the applicant is governed by the provisions of the Bombay Relief Undertakings (Special Provisions) Act, 1958, as applied to the State of Gujarat. Counsel for the applicant relies upon the provisions of Section 4(1) of the Ac .....

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..... this Act would apply to recovery under the provisions of the Customs Act, 1962. 3. It is next contended that applicant is a sick industrial undertaking because a reference has been made to the Board for Industrial and Financial Reconstruction. The letter dated 4-9-2000 of the Board in effect says that applicant s case is registered. We do not think it possible to agree that a mere registration o .....

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