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2015 (4) TMI 683 - DELHI HIGH COURT

2015 (4) TMI 683 - DELHI HIGH COURT - TMI - Stay of recovery - Held that:- The learned counsel for the petitioner has placed before us several orders passed by this court, whereby this Court has extended the stay initially granted by the Tribunal till the disposal of the appeal by the Tribunal in exercise of its jurisdiction under Article 226 of the Constitution. In fact, it is settled law that there is no bar for grant of such a relief if the Court is of the opinion that the circumstances and t .....

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78/2015 - Dated:- 10-4-2015 - Badar Durrez Ahmed And Sanjeev Sachdeva JJ For the Appellant : Mr Deepak Chopra with Mr Harpreet Ajmani and Ms Ananya Kapoor, Adv. For the Respondents : Mr P. Roychaudhuri with Mr Rohit Madan, Adv. Judgment Badar Durrez Ahmed, J (ORAL) 1. Issue notice. Notice is accepted by the learned counsel appearing on behalf of the respondents. Since the facts are not in dispute, the matter is taken up for hearing at the first instance itself. 2. The petitioner has filed an app .....

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A subsequent order dated 26.09.2014 was passed by the Tribunal extending the interim stay which it had earlier granted on 31.03.2014. By virtue of the decision of a Division Bench of this Court in CIT v. Maruti Suzuki (India) Limited: [WP(C) 5086/2013] decided on 21.02.2014, it is made clear that the Tribunal has no authority to extend the period of stay beyond a period of 365 days from the initial date of grant of stay. As 365 days have elapsed on 30.03.2015, the petitioner cannot approach the .....

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