2009 (4) TMI 668

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....  Heard both sides on the stay petition. 2. In the premises of the present applicant unit, a company by name M/s. Jain Biscuits Industries Ltd. was functioning and against whom in terms of the order-in-original dated 20-9-2000, certain amount of duty stands confirmed and penalty stands imposed. For having defaulted loan taken from RIICO, the assets of the said Jain Biscuits Industries ....