https://www.taxtmi.com/caselaws?id=81606 A sick industrial unit declared by the Board for Industrial and Financial Reconstruction was not required to make a cash deposit or furnish a bank guarantee as a condition for hearing the appeal, because the protection available under the Sick Industries (Special Provisions) Act, 1985 justified waiver of pre-deposit. In lieu thereof, the company's authorised representative was directed to give an undertaking to satisfy the adjudicated dues if the appeal failed, and interim protection was granted by restraining disposal of the confiscated plant and machinery and interference with normal production until the appeal was decided. en-us Thu, 09 Jan 1992 00:00:00 +0530 Mon, 27 Jun 2011 16:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81606 A sick industrial unit declared by the Board for Industrial and Financial Reconstruction was not required to make a cash deposit or furnish a bank guarantee as a condition for hearing the appeal, because the protection available under the Sick Industries (Special Provisions) Act, 1985 justified waiver of pre-deposit. In lieu thereof, the company's authorised representative was directed to give an undertaking to satisfy the adjudicated dues if the appeal failed, and interim protection was granted by restraining disposal of the confiscated plant and machinery and interference with normal production until the appeal was decided. Case-Laws Central Excise Thu, 09 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81606