2001 (7) TMI 915

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..... Shri R.D. Negi, SDR, for the Respondent. [Order per : S.S. Kang, Member (J)]. - The applicants filed this application for modification of stay order dated 31-5-2001. 2. Ld. Counsel, appearing on behalf of the applicants, submits that vide stay order dated 31-5-2001, the applicants were required to deposit a sum of Rs. 30 lakhs for hearing of the appeal. He submits that after pas....

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....y. He, therefore, submits that the Stay Order No. 61/2001-B, dated 31-5-2001 be modified and the pre-deposit of duty and penalty be waived. 3. Ld. DR, appearing on behalf of the Revenue, submits that the stay order was passed after taking into consideration all the facts and circumstances of the case. Therefore, it requires no modification. 4. Heard both sides. 5. Applicati....