2003 (10) TMI 544

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..... r the Respondent. [Order per : Archana Wadhwa, Member (J)]. - Vide Stay Order No. C-II/2007-10/WZB/2003, dated 25-7-2003, the first appellant M/s. Sterlite Optical Technologies Ltd., was directed to deposit an amount of Rs. 20 lakhs within a period of one month from the date of receipt of the order. Thereafter, the appellant filed a miscellaneous application for modification of stay order on th .....

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..... of Rs. 11.74 crores which bank guarantee stands executed by them. It is his case that the amount involved in the present appeal is covered by the above bank guarantee of Rs. 11.74 crores given in terms of the High Court order. He fairly agrees that the above plea was not taken before the Bench at the time of stay hearing and as such was not taken into consideration by the Bench at the time of pass .....

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