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TMI Blog2013 (5) TMI 90X X X X Extracts X X X X X X X X Extracts X X X X ..... . Ltd. and are dismissed as abated. As regards the penalties imposed on directors of the appellant M/s Narmada Fabrics Pvt.Ltd. and there is a definite role attached to them by adjudicating authority in his findings & whether the act has been done by the appellant or not, needs to be considered in detail with evidences on record, thus both directed to deposit an amount of Rs.50,000/- each withi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the records. 4. As regards the Stay Petition and the appeal filed by M/s Narmada Fabrics Pvt. Ltd., we find that the ld. Counsel has produced before us a winding up order of Hon'ble High Court of Gujarat, dt.14.11.2006. On perusal of the said winding up order, we find that the Hon'ble High Court recorded as under:- 4. For the reasons as stated above, the petition is allowed. The respondent com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roceedings after death or adjudication as an insolvent of a party to the appeal or application: Where in any proceedings the appellant or applicant or a respondent dies or is adjudicated as an insolvent or in the case of a company, is being wound up, the appeal or application shall abate, unless an application is made for continuance of such proceedings by or against the successor-in-interest, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on and appeal filed by M/s Narmada Fabrics Pvt. Ltd. and are dismissed as abated. 7. As regards the penalties imposed on Shri Umashankar G. Kudal and Shri R.C. Agarwal, we find that the adjudicating authority has imposed penalties on them under Rule 26 of Central Excise Rules, 2002. We find that from the records that both of them are directors of the appellant M/s Narmada Fabrics Pvt.Ltd. and th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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