2015 (8) TMI 293

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....the Respondent. ORDER The petitioner is a Company incorporated under the Indian Companies Act and by means of a sale deed dated 11-2-2008 purchased land, building and plant and machinery, which was indicated as scrap from another Company known as M/s. Ram Shiv Industries Ltd. which was another Company incorporated under the Indian Companies Act having different set of Directors. 2. It tran....

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.... Sri Gopal Verma, the learned Counsel for the petitioner and Sri B.K.S. Raghuvanshi, the learned Counsel for the Excise Department, we find that there was no embargo upon the erstwhile Company, M/s. Ram Shiv Industries Ltd., in selling its property to the petitioner. When the property was sold off on 11-2-2008 there were no Central Excise dues against the said Company. The dues came into existence....