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2014 (4) TMI 84 - CESTAT NEW DELHIStay application - recovery proceedings were initiated - Held that:- Inasmuch as the stay petition was heard on 22.11.2012 but orders could not be passed and the matter stands re-listed, the appellant cannot be held liable for the late disposal of the stay petition. It is well settled law that till the stay petition is disposed of, no coercive action should be taken against the applicant. We are also informed by the ld. Advocate that an amount of Rs.3.06 croes already stands deposited by them as the same has been appropriated from the rebate claim filed by the appellant - Stay granted.
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