TMI Blog2013 (11) TMI 33X X X X Extracts X X X X X X X X Extracts X X X X ..... of both sides, it appears that there is ad interim stay granted by this bench vide miscellaneous order dated 10.12.2010 which indicates that there was a direction to keep the bank guarantee alive till the final disposal of the stay application and there was a further stipulation that no coercive action be taken till the disposal of the stay application. - the stay of recovery can continue till th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... antees for the total amount of Rs.14.22 crores and also a fixed deposit of Rs.1.01 crore to secure the Revenue. Further, from submissions of both sides, it appears that there is ad interim stay granted by this bench vide miscellaneous order dated 10.12.2010 which indicates that there was a direction to keep the bank guarantee alive till the final disposal of the stay application and there was a fu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... heard and disposed of out of turn. After considering the submissions, we are of the view that the stay of recovery can continue till the final disposal of the appeal which, in any case, is going to take place in the near future. 2. In the result, the two miscellaneous applications are allowed and the appeal is directed to be listed for hearing out of turn on 4.7.2013. Now that the appeal will a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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