2007 (12) TMI 404

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.... C.A., for the Appellant. Shri K. Sambi Reddy, JDR, for the Respondent. [Order per : S.L. Peeran, Member (J) (Oral)]. - By these stay applications, the appellants are seeking waiver of pre-deposit of the amounts confirmed in the respective Orders-in-Original. The details of the Orders-in-Original, the duty amount and penalties are noted herein below :- Sl. No. Stay & Appeal No. O....

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.... Kerala. The Hon'ble High Court of Kerala had remanded the matter to re-consider the stay applications. 2. The learned Chartered Accountant appearing for the appellants submit that the Company is under liquidation and all the assets of the company have been taken over the Official Receiver. The appellant is not functioning for the last 20 years. He submits that the Revenue has also not pro....

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....fiscated and the appellants have not paid the Redemption fine. 4. The learned Chartered Accountant submits that as the land, building, plant and machinery is under confiscation, the question of pre-deposit also does not arise. The learned CA points out that one of the Directors, Shri L.N. Dalmia has passed away and the penalty imposed on him is meager and that may be waived. 5. We ....