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2015 (1) TMI 595 - CESTAT CHENNAIWaiver of pre deposit - application for extension of time for compliance of the stay order - Payment made by demerged company - Held that:- Applicant-company St. John CFS Park Pvt. Ltd., was directed to make a pre-deposit of ₹ 20,00,000/-. There is no dispute that the Registration Certificate is still alive in favour of St. John CFS Park Pvt. Ltd. It is also noted that there is no order of the High Court for amalgamation or the withdrawal of the demerger proposal of the applicant-company with the other company. It is seen from the records that the applicant filed applications dated 21.01.2014 and 15.04.2014 before the Tribunal requesting for time to produce the order the High Court. It is further seen from the records that thereafter the applicant-company was given several opportunities to produce the requisite order from the High Court with regard to the amalgamation of both companies. But no order of the Hon'ble High Court was placed. Hence, the deposit made by M/s. St. John Freight System Ltd. cannot be accepted as compliance of the stay order [2013 (11) TMI 872 - CESTAT CHENNAI]. - appeal gets dismissed for non-compliance of the stay order - Decided against assesse.
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