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2016 (1) TMI 953 - HC - VAT and Sales TaxRecovery proceedings - purchasers of the property over which Sales Tax Department has created charge for unpaid tax dues of the seller - In the revenue records, attachment of the Sales Tax Department was duly records - petitioners would be willing to deposit before this Court the total amount of sales tax dues of the seller, which comes to ₹ 55,00,000/- (approximately) within reasonable time. - Held that:- In view of the fact that the Sales Tax Department has fixed auction of the property in question today, let there be stay against such auction on the condition that the petitioners deposit a sum of ₹ 55,00,000/- (Rupees fifty five lacs only) with this Court in three equal monthly installments starting from 01.02.2016. In case there is failure to deposit any one of the installments it would be open for the respondents to re-schedule the auction.
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