2014 (12) TMI 327

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.... Comm. (AR) JUDGEMENT Per: Anil Choudhary: 1. The appellant, M/s. Majalaon SSK Ltd. is a sugar mill in the co-operative sector. In the year 2006 the appellant took on lease the management form the bank for rendering a sick unit, namely, M/s. Bageswari SSK Ltd. One of the conditions of the lease was to retain the old staff of the said unit. 2. The appellant further states that after the sugar s....

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....ll on 22/07/2010 i.e. within one month of the passing of the appellate order. Thus vehemently prays for setting aside the penalty under Section 78 of the Act. 3. The Ld. DR relies on the order of the Commissioner (Appeals). 4. Having considered the rival submissions, I find that it is a case of sick industrial unit. The default had occurred during the management of sick industrial unit. The unit....