CEGAT Mumbai Modifies Stay Order for Lack of Evidence on Financial Hardship

The Appellate Tribunal CEGAT, Mumbai modified a stay order due to lack of evidence supporting financial hardship. The applicant failed to provide sufficient evidence of financial hardship beyond Profit & Loss Accounts. The Tribunal ordered a deposit of Rs. 5 lakhs within a month, with dismissal of the appeal if not complied, and hearing on merits if the deposit is made.

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The Appellate Tribunal CEGAT, Mumbai modified a stay order due to lack of evidence supporting financial hardship. The applicant failed to provide sufficient evidence of financial hardship beyond Profit & Loss Accounts. The Tribunal ordered a deposit of Rs. 5 lakhs within a month, with dismissal of the appeal if not complied, and hearing on merits if the deposit is made.

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