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2013 (5) TMI 90 - AT - Central ExciseDemand of in-eligible CENVAT Credit - Stay Petition - Held that:- As it has been held by Hon'ble High Court that M/s Narmada Fabrics Pvt. Ltd be wind up, the Stay Petition and appeal filed are infructuous. Hence, unable to go into the matter and the Stay Petition and appeal filed by M/s Narmada Fabrics Pvt. Ltd. and are dismissed as abated. As regards the penalties imposed on directors of the appellant M/s Narmada Fabrics Pvt.Ltd. and there is a definite role attached to them by adjudicating authority in his findings & whether the act has been done by the appellant or not, needs to be considered in detail with evidences on record, thus both directed to deposit an amount of Rs.50,000/- each within a period of eight weeks from today and report compliance.
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