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2013 (5) TMI 260 - KERALA HIGH COURTConditional order of stay - appellant submits that actually no amount is due and amounts are due to it - Held that:- Considering the orders passed by this Court in Ext.P3 wherein a Division Bench of this Court has allowed the appeal in part and granted conditional order of stay on remitting Rs.10 crores instead of 1/4th of the KGST and VAT due for the assessment year 2005-2006 & that by Ext.P3(a), operation of the said order was stayed by the Apex Court. The demand for tax is to the tune of Rs.478 crores only. Thus interest of justice will be sufficiently met if Ext.P7 impugned order of conditional stay further modified and directed to appellant to pay Rs.20 crores as against Rs.25 crores as ordered by the learned Single Judge and furnish security for the balance amount within a period of one month from today, proceedings will be kept in abeyance till the disposal of the Appeal.
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