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2008 (9) TMI 389 - HIGH COURT OF GUJARAT AT AHMEDABADStay/Dispensation of pre-deposit - Held that:- The order directing the petitioner to deposit a sum of ₹ 1 crore by way of pre-deposit is very harsh and that too in light of the submissions made on behalf of the petitioner at the time of hearing of stay application that the financial position of the petitioner is very weak. Moreover, it is not borne out from the order of the Tribunal as to how the amount of ₹ 1 crore was ordered to be deposited. Interest of justice would better be served if the petitioner is ordered to deposit a sum of ₹ 25 lacs within six weeks from today. Accordingly, the petitioner is hereby directed to deposit a sum of ₹ 10 lacs within two weeks and remaining amount of ₹ 15 lacs within four weeks thereafter
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