2009 (5) TMI 638

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....NTED BY : Shri Kavin Gulati with Ms. Rashmi Singh, Advocates, for the Appellant. Shri Surendra Shah, DR, for the Respondent. [Order per : Justice R.M.S. Khandeparkar, President (Oral)]. -  Heard the lear-ned Advocate for the applicants and learned DR for the respondent. By order dated 5-2-2009 passed in Stay application Nos. 2225-2228, 2253-54, 2293, 2547-49, of 2008 while granting s....

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.... reveal that the company has already shut down two of its unit and they are having only Rs. 17 lakhs in cash in hand and they are also having liability towards U.P. Power Corporation Limited as well as to the Government on account of income tax demand. He further submitted that there is already arrangement for payment by way of installments in respect of dues claimed by the U.P. Power Corporation ....

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....frame was fixed as proposed by the learned Advocate for the appellant. In fact, it has been clearly recorded so in the order dated 5-2-2009. It is also to be noted that while arriving the quantum of deposit amount in terms of Section 35F of the said Act, not only the Advocate for the appellant was heard on the point but the willingness of and instruction from his client were obtained and that has ....

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....y new event or fact having been occurred subsequent to the order dated 5-2-2009 which would warrant modification in the said order dated 5-2-2009 permitting the appellant to deposit of Rs. 1 crore by way of installments. Undisputedly, the quantum of duty which was liable to be deposited in terms of Section 35F of the Act was fixed after hearing the parties and on willingness expressed in that rega....