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TMI Blog2009 (8) TMI 711X X X X Extracts X X X X X X X X Extracts X X X X ..... e Tribunal for Foreign Exchange in Appeal Nos. 335 to 337/2003 and directing the Tribunal to hear the appeal on merit without insisting upon the pre-deposit of the penalty amount of Rs. 2 lakhs. 2. By order dated 12-8-2008 in Appeal Nos. 335 to 337/2003, the application of the appellant, Shri S.K. Mittal, was rejected and the petitioner was directed to deposit the penalty amount within seven d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner and the lack of the assets of the petitioners were not considered, and considering the facts that the petitioner had already deposited Rs. 5 lakhs with the Adjudicating Officer and on petitioner showing his willingness to deposit a further amount of Rs. 12,50,000 in two equal instalments, first instalment of Rs. 2.5 lakhs payable by 30-5-2009 and the balance amount of Rs. 5 lakhs each pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plicable to the appeal from which the present petition has arisen, the present petition can be disposed of in terms of the said order. 6. Learned counsel for the petitioner states that first instalment of Rs. 3.5 lakhs was deposited on 28-5-2009 and Rs. 5 lakhs was deposited on 30-7-2009. Learned counsel for the petitioner states that the balance amount of Rs. 4 lakhs shall be deposited by the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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