2016 (9) TMI 1351

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tes, for the Respondent. ORDER The petitioners in the present petition have suffered an order of penalty under Rule 209A of the Central Excise Act, 1944 by an order dated 23-10-2001. An appeal was preferred before the Central Excise Sales Tax Appellate Tribunal in which the penalty was reduced and there was an unconditional stay in favour of the petitioners. 2. Insofar as petitioner No. 3 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ies amounted to offences punishable under Sections 209, 421 and 422 of the Indian Penal Code, 1860. 3. It is contended by the learned Counsel for the petitioner that if there are allegations of fraudulent transfers under registered documents of conveyance the Criminal Court could hardly be in a position to adjudicate the same and that unless the transactions are established to be fraudulent ....