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2017 (10) TMI 1120
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....2017 - -<br>Central Excise<br>T. S. Sivagnanam, J. For the Petitioner : Mr.N.Surya Senthil For the Respondents : Mr.V.Sundareswaran ORDER Heard Mr.N.Surya Senthil, the learned counsel appearing for the petitioner and Mr.V.Sundareswaran, the learned Senior Panel Counsel appearing for the respondents. 2. The petitioner has filed this Writ Petition, challenging the notice issued by the....
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....er is aggrieved by the garnishee notice issued by the third respondent for recovery of the arrears of central excise duty. 3. The first respondent was magnanimous enough to grant permission to the petitioner to pay the arrears in 18 equal monthly instalments of Rs. 21.54 lakhs each. However, the petitioner has now paid only four instalments and defaulted in payment of the fifth instalment, whic....
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....sel appearing for the petitioner submits that the first instalments of Rs. 21.54 lakhs was paid on 11.09.2017, and even before the petitioner could take steps to pay the second installment before 22.9.2017, one of the secured creditors, who had lent monies to the petitioner, viz. ICICI Bank had moved the National Company Law Tribunal (Division Bench) Chennai (NCLT) by filing CP/564(IB)/CB/2017, un....