PENNAR INDUSTRIES LTD Vs. STATE OF A P

JUDGEMENT

(1.) Leave granted.

(2.) Challenge in this appeal is to the judgment of a Division Bench of the Andhra Pradesh High Court granting partial stay of realization of demand raised against the appellant. Following order was passed by the High Court :

(3.) In Suppl ort of the appeal, learned counsel for the appellant submitted that appellant is a sick company and therefore the High Court should not have directed payment of the amount as directed.