TMI Blog2007 (12) TMI 404X X X X Extracts X X X X X X X X Extracts X X X X ..... Sambi Reddy, JDR, for the Respondent. [Order per : S.L. Peeran, Member (J) (Oral)]. By these stay applications, the appellants are seeking waiver of pre-deposit of the amounts confirmed in the respective Orders-in-Original. The details of the Orders-in-Original, the duty amount and penalties are noted herein below :- Sl. No. Stay Appeal No. OIO No. Date and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... filed appeals against the said Stay Orders before the High Court of Kerala. The Hon ble High Court of Kerala had remanded the matter to re-consider the stay applications. 2. The learned Chartered Accountant appearing for the appellants submit that the Company is under liquidation and all the assets of the company have been taken over the Official Receiver. The appellant is not functioning for t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dy the land, building, plant and machinery have been confiscated and the appellants have not paid the Redemption fine. 4. The learned Chartered Accountant submits that as the land, building, plant and machinery is under confiscation, the question of pre-deposit also does not arise. The learned CA points out that one of the Directors, Shri L.N. Dalmia has passed away and the penalty imposed on hi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as the only matter for the day is accepted. Registry should not list any other matter including short matter. Appeals to come up for final hearing on 20th March, 2008. The stay applications are allowed. Matters to come up for hearing on 20-3-2008 as the only matter. No adjournment will be granted. Both sides should come prepared to argue the matter finally. (Pronounced and dictated in open Court ..... X X X X Extracts X X X X X X X X Extracts X X X X
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