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TMI Blog2016 (11) TMI 296X X X X Extracts X X X X X X X X Extracts X X X X ..... hri M.K. Mall, Asstt. Commissioner (AR), for the Respondent. ORDER [Order per : Anil Choudhary, Member (J)]. - Heard the ld. AR for the Revenue. 2. The appellant M/s. Shirdi Industries Ltd. have filed the present misc. application for modification of stay order dated 21-4-2013 passed by this Tribunal directing the appellant to make a pre-deposit of Rs. 1.5 crores against adjudicated deman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 53132 of 2014 for modification of the stay order which was dismissed by this Tribunal vide order dated 17-7-2015. Against the said order, the appellant approached the Hon'ble Allahabad High Court in Central Excise Appeal No. 273/2015 alongwith defective No. 196/2013 and vide common order dated 29-10-2015, the Hon'ble High Court observed that the appellant-company have been declared as sick industr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e matter, having considered the rival contention and in terms of the recent orders of the High Court, we find that the appellant-company is a sick company and further operating agency have been appointed on 15-9-2015 by BIFR and feasibility study is under progress. Accordingly, we modify the earlier stay order and grant full stay of the adjudication dues including interest and penalty till disposa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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