Stay of demand recovery granted while waiver of pre-deposit application remained pending before the Tribunal.

Recovery pursuant to a demand notice was stayed where the petitioner's application for waiver of pre-deposit was still pending before the Tribunal. The court noted that immediate recovery steps, despite that pending application, would cause undue prejudice and inconvenience. The operative effect was a suspension of the demand's enforcement until the Tribunal considered the waiver request.

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Issues: Whether recovery pursuant to the demand notice could be stayed pending consideration of the application for waiver of pre-deposit.

Analysis: The demand was issued while the application for waiver of pre-deposit was awaiting consideration before the Tribunal. The order records concern that immediate recovery steps, despite the pendency of the waiver application, would cause undue prejudice and inconvenience to the petitioner.

Outcome: The operation of the demand was stayed until the Tribunal takes up the application for waiver of pre-deposit.

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