IN THE HIGH COURT OF BOMBAY AT GOA CIVIL APPLICATION NO. 40 OF 2010 IN EXCISE APPEAL NO. 2 OF 2010 M/S PATIL STEEL WIRES ... Applicant Versus COMMISSIONER OF CENTRAL EXCISE ... Respondent Mr. M.S. Usgaonkar, Senior Advocate with Mr. R. Srivastava, Advocate for the Appellant. Mr. C.A. Ferriera, Assistant Solicitor General for the Respondent. Coram:- A. S. OKA & F. M. REIS, JJ. Date:- 28th July, 2010 P.C: This is an application for stay of the impugned order dated 6th December, 2007 passed by the Customs, Excise and Service Tax Appellate Tribunal, South Zonal Bench at Chennai. The learned senior counsel states that the Tribunal had granted stay subject to deposit of Rs.5.00 lakhs and the said amount has already been deposited by the appellant. 2. In the facts and circumstances of the case, stay can be granted only subject to the condition that the appellant secures the balance amount of Rs.16.00 lakhs by furnishing adequate security. 3. Hence, we pass the following order: a) There will be interim stay in terms of paragraph 5 of the application subject to the condition of the appellant furnishing adequate security for the sum of Rs.16.00 lakhs to the satisfaction of the Registrar of this Court. The security shall be furnished within a period of 8 weeks from today. b) Before accepting the security, the respondent will be heard. c) In the event the appellant fails to furnish the security within a period of 8 weeks, the stay shall stand vacated without further reference to the court. A. S. OKA, J. F. M. REIS, J. ap/-