CEGAT Appellate Tribunal Rejects Stay Application for Future Demand Due to Lack of Precedent and Jurisdiction The Appellate Tribunal CEGAT, New Delhi rejected the stay application for future demand due to lack of precedent and jurisdiction to grant such a stay. ...
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CEGAT Appellate Tribunal Rejects Stay Application for Future Demand Due to Lack of Precedent and Jurisdiction
The Appellate Tribunal CEGAT, New Delhi rejected the stay application for future demand due to lack of precedent and jurisdiction to grant such a stay. The Tribunal noted the absence of any orders staying future demands post the introduction of interest provisions in the relevant law. The application, filed by the applicants and opposed by the Respondent, was ultimately denied.
The Appellate Tribunal CEGAT, New Delhi rejected a stay application for future demand, citing lack of precedent and jurisdiction to grant such a stay. The application was filed by the applicants represented by Shri N. Khaitan, Advocate, and was opposed by Shri A.K. Srivastava, SDR for the Respondent. The Tribunal noted that no orders had been passed staying future demands after the introduction of interest provisions in the relevant law. The application was rejected.
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