2015 (1) TMI 674

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..... at the petitioner has already deposited an amount of ₹ 10,00,000/- as against a total demand of ₹ 21.97 lacs and has granted, on that basis, a dispensation of the balance of the deposit. - in view of the order passed by the Tribunal, the attachment cannot be allowed to continue and ought to be lifted. Once the Tribunal has granted a stay on the recovery of the balance of the duty, the .....

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..... dues of the erstwhile borrower in the amount of ₹ 21,97,506/-. The petitioner had challenged the demand before the Lucknow Bench of this Court and was directed in the proceedings to deposit an amount of ₹ 10,00,000/-. Subsequently the petition was dismissed on 23 November 2010 in view of the alternative remedy of filing an appeal. The appeal was dismissed by the Commissioner (Appeals) .....

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..... has taken note of the fact that the petitioner has already deposited an amount of ₹ 10,00,000/- as against a total demand of ₹ 21.97 lacs and has granted, on that basis, a dispensation of the balance of the deposit. 3. In this view of the matter, we find merit in the contention of the petitioner that in view of the order passed by the Tribunal, the attachment cannot be allowed to co .....

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