Supreme Court - Daily Orders
Titan Company Ltd. (Formerly Known As ... vs Commissioner Of Central Excise, ... on 24 March, 2023
Bench: S. Ravindra Bhat, Dipankar Datta
Civil Appeal No(s). 5338/2016
ITEM NO.20 COURT NO.14 SECTION XII
S U P R E M E C O U R T O F I N D I A
RECORD OF PROCEEDINGS
Civil Appeal No(s). 5338/2016
TITAN COMPANY LTD. (FORMERLY KNOWN AS M/S. TITAN INDUSTRIES
LTD. )Appellant(s)
VERSUS
COMMISSIONER OF CENTRAL EXCISE, CHENNAI - III Respondent(s)
(ONLY I.A. NO. 54697 IS TO BE LISTED IN CIVIL APPEAL NO. 5338 OF
2016)
Date : 24-03-2023 This matter was called on for hearing today.
CORAM :
HON'BLE MR. JUSTICE S. RAVINDRA BHAT
HON'BLE MR. JUSTICE DIPANKAR DATTA
For Appellant(s) Mr. Arvind Datar, Sr. Adv.
Mr. Mahesh Agarwal, Adv.
Mr. Ankur Saigal, Adv.
Mr. M.s. Ananth, Adv.
Mr. Karan Verma, Adv.
Mr. P.r. Renganath, Adv.
Mr. M, Kannan, Adv.
Mr. E. C. Agrawala, AOR
For Respondent(s) Mr. N. Venkatraman, A.S.G.
Mr. Mukesh Kumar Maroria, AOR
Mr. Adit Khorana, Adv.
Mr. Debashish Bharuka, Adv.
Mr. T.s. Sabarish, Adv.
Mr. Annirudh Sharma Ii, Adv.
UPON hearing the counsel the Court made the following
O R D E R
Issue notice on the I.A. No. 54697/2023. Learned counsel Mr. M.K. Maroria accepts notice on Signature Not Verifiedbehalf of the respondent. Digitally signed by NEETA SAPRA Date: 2023.03.24 17:03:12 IST Reason: We have heard learned senior counsel for the applicant and the Additional Solicitor General and are of the opinion 1 Civil Appeal No(s). 5338/2016 that purely as an interim measure, the appellant should deposit the concerned amount for the normal notice period which it is stated, works out ₹ 24 Crores.
Mr. Datar learned senior counsel appearing for the appellants further submitted that ₹ 7 Crores has been deposited in the Tribunal. In the circumstances, the balance amount of ₹ 17 Crores shall be deposited within two weeks. Accordingly, the attachment of the appellant’s bank’s account is directed to be lifted forthwith.
I.A. No. 54697/2023 is disposed of.
List the appeal in the first week of May, 2023.
(NEETA SAPRA) (MATHEW ABRAHAM)
COURT MASTER (SH) COURT MASTER (NSH)
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