1998 (7) TMI 171

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Shri P.K. Jain, SDR, for the Respondent. [Order per : G.R. Sharma, Member (T)]. -  By this Misc. application, the applicants have requested for compliance of the Stay Order by debiting the amount in R.G. 23A Pt. II Register. 2. Shri A.C. Jain, ld. Advocate submits that the cash crunch in respect of the applicants is very severe and that the applicants were not in a position to d....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....balance sheet signed by the partner which cannot be accepted as a balance sheet as it has not been certified to be true by the Chartered Accountant. Ld. DR submits that in view of the fact that it was the offer made by the applicants themselves which was accepted by the Tribunal modification and the Stay Order was not warranted and prayed that the Misc. application may be rejected. 4. We h....