Home Case Index All Cases Indian Laws Indian Laws + HC Indian Laws - 2017 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (4) TMI 1485 - HC - Indian LawsMaintainability of appeal - the learned Chairperson has directed that since the petitioner appellant has not complied with the earlier order, to the effect that the amount as directed by the Tribunal, if not deposited within time stipulated by it, the Appeal itself cannot be entertained - HELD THAT:- Since the Petition is not being pressed, we direct that the sum of ₹ 34 crores should be deposited in installments and as stipulated by Mr. Chinoy. The 1st installment shall be deposited by 13th May, 2017 in the sum of ₹ 10 crores. Thereafter, every week, a sum of ₹ 2.4 crores should be deposited so as to make up the total of ₹ 34 crores. In the event of default in depositing the sum of ₹ 10 crores as directed above, or any such installment of ₹ 2.4 crores, which is a weekly sum thereafter, would result in the protection granted by this Court coming to an end forthwith. Thereafter, the orders passed by the DRAT on 17th May, 2016 and 11th April, 2017 would both stand and uninterfered with. In the event the amount is deposited by 31st July, 2017, the DRAT shall restore the appeal to its file for hearing on merits and in accordance with law. Petition disposed off.
|