TaxTMI 
TaxTMI 
2002 (1) TMI 726
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....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 the applicants to deposit Rs. 1 lakh; tha....
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....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. 25,000/- against which after considering all....
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....l 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 is pending with Debt Recovery Tribunal and the....