1997 (9) TMI 131

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....elhi High Court by its order dated 3-5-1994 directed the appellant to give bank guarantees for Rs. 17 crores and an undertaking not to alienate its assets. This was in place of the order of CEGAT under Section 35F directing a deposit of Rs. 18 crores and bank guarantee for the remaining amount of duty of Rs. 51 crores. The High Court's direction was complied with. However, after the appeal was dis....