1992 (4) TMI 42

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.... for hearing. 2. Heard Counsel for the parties. 3. The impugned order of the Tribunal directing the Department to hold the money realised in deposit till disposal of the appeal, is unsustainable. In this case, the petitioners have filed appeal on 6th January 1992, challenging the legality and correctness of the order of the Collector dated 5th December 1991 received on 10th December 1992. Appeal....

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....ector to encash the bank guarantees before expiry of the statutory period of three months and in particular when petitioners had specifically informed that the stay application is fixed for hearing on 17th February 1992. Be that as it may, we accordingly direct Respondents Nos. 2 and 3 to pay entire amount recovered by encashing bank guarantees to the petitioners within 10 days from today. On rece....