1995 (4) TMI 177

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...., Vice President]. -  Shri Rajiv Dutta, learned Counsel for the appellants submitted that in the above bunch of appeals, the Tribunal passed on order on 4-3-1994 asking the appellants to pre-deposit a sum of Rs. 16 lakhs out of total penalty amount of Rs. 32 lakhs and further directing the appellant to furnish a bank guarantee for Rs. 16 lakhs Subsequently, the appellant pre-deposited the ca....

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....ection or modification of the order. It was submitted that the appellant had filed miscellaneous application only yesterday, and prayed for modification of earlier order. 2. Heard Shri Jha, ld. SDR. 3. We have considered the submissions made before us. We note that admittedly the appellant did not comply with the order of the Tribunal dated 23-11-1994 directing them to furnish bank guarante....