2017 (4) TMI 68

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.... For Respondent : Mr. D. S. Ladda ORDER 1. The appellant is aggrieved by the order dismissing the appeal for nonpayment of interest amount. 2. Learned counsel for the appellant submits that under the order dated 16.02.2010, the Tribunal granted stay on condition of predeposit of Rs. 10 lakhs within six weeks. The appellant deposited Rs. 10 lakhs on 15.03.2010 i.e. within stipulated peri....

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.... Tribunal of non compliance of the said amount. The impugned order is rightly passed. 5. We have considered the submissions canvassed by the learned counsel for the respective parties. 6. No doubt, the Tribunal had granted stay to the recovery of the penalty and the balance amount alongwith interest, subject to payment of Rs. 10 lakhs under order dated 16.02.2010. Subsequently, the appellant....

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.... of financial stringencies put forth by the appellant, we are inclined to grant one more opportunity to the appellant to deposit entire interest amount within a period of eight weeks. 9. Considering the above, we pass following order: i. Impugned orders dated 28.09.2015 and 25.04.2016 are quashed and set aside on condition that the appellant deposits the entire amount of interest withi....