2014 (1) TMI 323

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....When this stay petition was called out, none appears on behalf of the appellant. Ld. counsel on record seeks an adjournment on the ground that due to unavoidable circumstances he is unable to appear before this bench. 2. We are not inclined to grant any adjournment in this matter for more than one reason. Firstly, the stay petition is of 2010 and secondly, this stay petition was heard with othe....

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....ice that in an identical situation, a similarly placed appellant Shri Mafatlal H. Shah who was also director of M/s. Shital Tubes Pvt. Ltd. was directed to deposit an amount of Rs.1,00,000/- and produces the copy of the said order vide No.S/2533/WZB/AHD/2012 dated 10.12.12. On perusal of the same, we find it so. Prima facie findings recorded by us in stay order dated 10.12.12 in the case of Shri M....