2019 (2) TMI 378

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..... 11.2018 and to further furnish a bank guarantee of a similar amount which should be kept alive till the first appeal is disposed of. However, for the reasons set out in the memorandum of application and as submitted before the court, the applicant is not in a position to deposit the same within the aforesaid time limit. The court is of the view that the interest of justice would best be served .....

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..... 4.10.2018 for depositing a sum of ₹ 20 lakhs and a bank guarantee of similar amount. 3. Mr. Krunal Nanavati, learned advocate for the petitioner has submitted that the applicant is not in a position to deposit the amount of ₹ 20 lakhs and furnish the bank guarantee as directed vide order dated 24.10.2018 for the reason that the applicant has suffered a loss in the financial year 2 .....

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..... till the first appeal is disposed of. However, for the reasons set out in the memorandum of application and as submitted before the court, the applicant is not in a position to deposit the same within the aforesaid time limit. 6. Under the circumstances, the court is of the view that the interest of justice would best be served if suitable time is granted to the applicant for depositing the su .....

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