Home Case Index All Cases Indian Laws Indian Laws + HC Indian Laws - 2019 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (6) TMI 173 - HC - Indian LawsWaiver of the condition of deposit - Negotiable Instruments Act - SARFAESI Act - HELD THAT:- Petitioner at no point of time had made any grievance that the trial in this case was not conducted in a summary way. So, there is no basis to urge that fine of more than ₹5000/- cannot be imposed - The direction issued by the Appellate Court to make pre-deposit of 20% of fine amount is justified. However, the consequence of non-deposit of fine, entailing cancellation of petitioner’s bail is onerous one. Instead thereof, it is directed that if pre- deposit of 20% fine amount is not made by petitioner within six weeks from today, then petitioner’s appeal be not entertained. This petition and applications are dismissed with cost of ₹25000/- to be paid by petitioner to respondent at the time of hearing of the appeal, if the pre-deposit is made by petitioner within the above stipulated time.
|