TMI Blog2009 (8) TMI 877X X X X Extracts X X X X X X X X Extracts X X X X ..... e Respondent. [Order]. M/s. Shree Pramukh Industries Pvt. Limited have not complied with the stay order passed by the Tribunal directing them to deposit 25% of the penalties. Accordingly, their appeal becomes liable for dismissal on account of non-compliance with the stay order. The same is dismissed accordingly. 2. As regards the appeal of Shri Rajnibhai C. Parikh, I find that penalty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... el Scrap against cash in the open market. 3. Ld. Advocate appearing for the appellants has submitted that he is not an active Director of the Company and was called for recording statement, as he was residing near the factory premises. However, I find no merits in the above contention of the appellants, inasmuch as in the subsequent statements recorded during the investigation, he never brought ..... X X X X Extracts X X X X X X X X Extracts X X X X
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