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2019 (12) TMI 104 - MADRAS HIGH COURTGrant of stay during for a limited period only during the pendency of the appeals - petitioner seeks for a direction to the first respondent to grant stay till the disposal of the appeals - HELD THAT:- There is no dispute to the fact that the first respondent/Appellate Authority has granted interim stay subject to the conditions as stated - It is an admitted fact that the petitioner has complied with the conditions imposed. Now, the period of stay granted by the Appellate Authority got expired and however, the appeals are still pending before the first respondent. In view of the fact that the petitioner has extended the bank guarantees upto 06.05.2021, this Court is of the view that the interest of the parties will be protected, if the second respondent is directed to accept the extended bank guarantees and consequently, the first respondent is directed to extend the stay till the disposal of the appeals, also with a direction for disposal of the appeals within a time stipulated by this Court. The petitioner shall furnish the extended bank guarantees before the second respondent within a period of seven days from the date of receipt of a copy of this order - Petition allowed.
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