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1996 (7) TMI 239

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..... [Order per : G.R. Sharma, Member (T).]. By the present application, the applicants have sought modification of the Stay Order No. 27/96-C, dated 25-4-1996. 2. Shri A.P. Mathur, the learned Advocate appearing for the applicants submits that there have been fresh development accentuating the cash crunch on the applicants. He submits that in pursuance of the order of the Apex Court, they .....

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..... of payment or doing away completely with pre-deposit, they may be in the alternate, given further time to deposit the amount. 3. Opposing the request for modification of the Stay Order, Shri A.K. Madan, the learned SDR submits that the earlier order was issued sometime in May. At that time, in their stay application, a point was taken that they did not have sufficient resources to pay the amount .....

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..... atter, we find that it will create financial hardship to the applicants if they are directed to deposit the amount within the period already specified. Having held so, we direct the applicants to deposit amount of Rs. 5.50 lacs within four weeks from today. On deposit of this amount, the balance amount shall be deposited by the applicants within another six weeks from the date of deposit of Rs. 5. .....

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