2009 (10) TMI 736

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....Appellant. Shri S.S. Katiyar, SDR, for the Respondent. ORDER This is an application for modification of Stay Order No. S/119 to 122/08/WZB/CI/EB dated 11-2-2008. In the stay order, M/s. Ravi Raj Processors P. Ltd. was directed to deposit an amount of Rs. 15 lakhs in addition to Rs. 5 lakhs already deposited by them towards duty and subject to deposit of this amount stayed against recovery....

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....e, he has no income from the same and consequently he is not in a position to deposit the amount. He submitted that he is willing to give an undertaking not to alienate the property during the pendency of appeal if he is permitted to lease it or rent it out. He also agreed to submit an undertaking to the effect that he would not alienate the property or dispose of and whatever rental income that i....

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.... the undertaking on 9-10-2009. 4. When the matter came up today for compliance with the direction issued on 7-10-2009 orally, Shri Arora has appeared and submitted an undertaking on stamp paper. In the undertaking, he has undertaken not to dispose of the property till the direction to pre-deposit the amount is complied with and will only let out the land on leave and licence/on rent and the ent....