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2019 (2) TMI 945 - HC - Indian LawsReconstitution of the firm - re-opening of the Bar - compliance for the permission for Bar to be opened - Held that:- The appellant is entitled to some lee-way insofar as the time prayed for making deposit - also, the Bar is remaining closed from September onwards. We are also persuaded by the fact that on our oral direction, the appellant has paid up ₹ 55 lakhs, exhibiting their bonafides. Considering the fact the licence expires on 31.03.2019, we cannot grant the time sought for by the appellant. We direct that 50% of the balance amounts be paid on or before 07.03.2019 failing which the license would stand cancelled on 08.03.2019. If such amounts are paid within the time stipulated, then, the appellant can be allowed to continue operating the Bar till 21.03.2019, by which time, the appellant will pay 50% of what is remaining to be paid after the remittance on 07.03.2019. Again the very same conditions would apply, if the payment is not made. On the second remittance also being made, the appellant shall be allowed to continue further and the entire amounts shall be paid within 31.03.2019. Appeal disposed off.
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