2007 (12) TMI 222

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..... he State Financial Corporation (SFC). It was also an alleged defaulter in payment of excise duty under the Central Excise, Act, 1944. The properties were auctioned by the SFC. In the auction, the properties were purchased by M/s. Prahlad Steel (P) Ltd., respondent No. 5, who in turn alienated the property to the present appellant. Further, the SFC also granted lease in favour of the appellant. 3. .....

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..... ew, question of ownership was not in dispute. The pure question of law basically is whether the Department was entitled to proceed against the land and building purchased by the present appellant from the auction purchaser - M/s. Prahlad Steels (P) Ltd. in respect of the dues of M/s. Devki Steel (P) Ltd. One of the points which may also arise for determination is whether excise duty would be a cha .....

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