2001 (6) TMI 206 - Customs

Stay - Financial Hardship - the petitioner has submitted that the Factory was destroyed and even Dena Bank, from whom he had taken loan, had filed a Suit against it. Held that - merely because a bald averment made that factory was destroyed and that there is no other immovable property, not makes a case of such financial hardship. Tribunal rightly ordered to deposit a sum of Rs. 5 lacs.