query regarding stay period

[Amita Maheshwari]

this is a very general query. if a tribunal grants a stay on a person from non-payment of any interest etc. and a higher authority (eg. High Court) subsequently revokes the stay, then is there any liability to make any payment during the stay period or is the party exempted from it? mention of one or two case laws would be helpful too. thanks.

AI Summary

Interest Payment Liability After Tribunal's Stay Revoked by High Court: Pay or Seek Stay from Apex Court. A user inquired about the liability for payments during a stay period if a tribunal's stay on interest payment is later revoked by a higher authority, such as a High Court. A respondent clarified that High Court judgments are binding on lower authorities, including tribunals. The user was advised to either pay the amount or seek a stay from the Apex Court. Further clarification revealed that interest becomes payable from the date of the High Court's judgment revocation.