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2009 (3) TMI 206 - GUJARAT HIGH COURTStay/Dispensation of pre-deposit - Held that: - The Tribunal in its exercise of discretionary jurisdiction has taken into consideration all the facts, the evidence on record, the respective stands of the parties and the contentions in support thereof, as well as all parameters for determining whether demand raised should be stayed in entirety or partially. If Tribunal, in its exercise of discretionary powers, comes to the conclusion, on the basis of evidence on record, that against total demand of ₹ 70 lacs and odd, a sum of ₹ 18 lacs should be deposited by the petitioner, it is not possible to state that the exercise of such discretion is vitiated in any manner whatsoever. It is also not possible to state that the impugned order is not a reasoned order - petition dismissed.
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