1990 (10) TMI 174

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....r : G. Sankaran, President]. - The amount of duty involved in the present matter is Rs. 49,89,319.90 and penalty Rs. 30 lakhs. By order No. 183/90-WRB dated the 17th April 1990, the West Regional Bench of this Tribunal, sitting as a Special Bench, granted waiver of pre-deposit of duty and penalty after considering the financial position of the appellants. However, the Bench did not grant any ord....

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....we are of the view that an order staying the recovery of the disputed dues should be made in the present case following the Kerala High Court judgment referred to above. Shri Jayaraman requests, and this request is not opposed by the counsel for the applicants, that the appellants should be directed not to alienate or dispose of their fixed assets including plant and machinery. We think that this ....