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TMI Blog2007 (9) TMI 137X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 22-8-2005 pre-deposit of Rs. 1.40 crores towards the duty confirmed against M/s. Sagarika was directed. The amount was to be deposited by 30-9-2005 and compliance was to be reported on 5-10-2005. Rs. 1.5 lakhs alone was deposited and time for pre-deposit of the balance amount was extended till 16-11-2005, on which date the appeals of M/s. Sagarika Acoustronics Pvt. Ltd. and three others wer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Application No …./2005. We also want the Tribunal to record its findings regarding the net worth of the company. If the net worth of the company is found to be negative, then the Tribunal will consider restoration of the appeal to its file and in which event the matter will have to be decided on merits. If, however, the net worth is found to be a positive figure, the Tribunal will say so, give it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... record certificate dated 21-8- 2007 of the Chartered Accountant showing that the net worth of the company is in negative. 3. In view of the above, we are satisfied that the net worth of the company has been recorded in negative. After this, we modify our earlier order by granting waiver of pre-deposit of duty and penalty and stay recovery thereof pending the appeal. We set aside the order of dism ..... X X X X Extracts X X X X X X X X Extracts X X X X
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