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Central Excise - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Modification of Stay Order - appellant has given un-secured ...


Court Rejects Request to Modify Stay Order After Appellant Fails to Make Rs. 3.5 Crore Pre-Deposit on Unsecured Loan.

April 22, 2014

Case Laws     Central Excise     AT

Modification of Stay Order - appellant has given un-secured loan and considered to be good to others to the tune of Rs.32.52 crores, which definitely if recovered, can help them to deposit an amount of Rs.3.5 crores, which is ordered to be pre-deposited - application rejected - AT

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