https://www.taxtmi.com/caselaws?id=3056 Negative net worth, supported by a Chartered Accountant's certificate and a BIFR declaration of sickness, established that the company qualified as a sick industrial company under the Sick Industrial Companies (Special Provisions) Act, 1985. On that basis, the company was treated as entitled to waiver of pre-deposit and stay of recovery, and the appeal was restored for decision on merits. en-us Mon, 10 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3056 Negative net worth, supported by a Chartered Accountant's certificate and a BIFR declaration of sickness, established that the company qualified as a sick industrial company under the Sick Industrial Companies (Special Provisions) Act, 1985. On that basis, the company was treated as entitled to waiver of pre-deposit and stay of recovery, and the appeal was restored for decision on merits. Case-Laws Central Excise Mon, 10 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3056