2015 (8) TMI 1070

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..... e decision of the Hon'ble High Court, we consider that in this case also the requirement of pre-deposit has to be waived and stay against recovery has to be granted - Stay granted. - ST/Stay/1401/2012, ST/1951/2012-DB - - - Dated:- 1-12-2014 - B S V Murthy, Member (T) And S K Mohanty, Member (J),JJ. For the Appellant : None For the Respondent : Mr R Gurunathan, AR ORDER Per: .....

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..... we noticed that on the very same issue the CSI TA had approached the Hon'ble High Court and Hon'ble High Court of Karnataka had taken the view that proceedings should not have been initiated in this case. In view of the decision of the Hon'ble High Court, we consider that in this case also the requirement of pre-deposit has to be waived and stay against recovery has to be granted and .....

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