2002 (1) TMI 726

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....ant. Shri R.D. Negi, SDR, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. - Today the matter is posted for hearing the stay petition in pursuance of the Order of the Hon'ble High Court of Delhi dated 17-10-2001 in Civil Writ Petition No. 6314/2001. 2. Shri Sugriva Dubey, learned Advocate, submitted that the Tribunal vide Stay Order No. 71/2001, dated 20-6-2001 directed....

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.... and even the premises has been locked by the bank officials for recovery of the amount; that under these circumstances the applicants are not in a position to deposit any sum and their appeal may be heard by waiving the requirement of pre-deposit. 3. Opposing the prayer, Shri R.D. Negi, learned SDR submitted that the total Central Excise duty involved is Rs. 3,00,862/- and penalty of Rs. ....

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....2001 was passed after considering the financial hardship of the applicants. They have not submitted any material along with their application for the purpose of showing financial hardship. Learned Advocate has only drawn our attention to a letter dated 15-11-2001 of Canara Bank wherein it is mentioned that the Bank has filed a suit against them for recovery of outstanding liability and the matter ....