https://www.taxtmi.com/caselaws?id=159595 Where a statutory stay application is pending before the appellate authority, coercive recovery by encashment of a bank guarantee should be restrained so that the appellate remedy is not rendered ineffective. The High Court granted interim protection against recovery of penalty until the stay application was decided and directed the appellate authority to dispose of that application within fifteen days. The ruling reflects the principle that pending appellate consideration must be preserved from coercive enforcement measures that would defeat the purpose of the stay request. en-us Fri, 11 Aug 1995 00:00:00 +0530 Wed, 27 Nov 2013 17:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159595 Where a statutory stay application is pending before the appellate authority, coercive recovery by encashment of a bank guarantee should be restrained so that the appellate remedy is not rendered ineffective. The High Court granted interim protection against recovery of penalty until the stay application was decided and directed the appellate authority to dispose of that application within fifteen days. The ruling reflects the principle that pending appellate consideration must be preserved from coercive enforcement measures that would defeat the purpose of the stay request. Case-Laws VAT and Sales Tax Fri, 11 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159595