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TMI Blog2013 (11) TMI 290X X X X Extracts X X X X X X X X Extracts X X X X ..... on is filed for modification of our stay order No.M/12324/WZB/AHD/2013, dt.03.05.13 vide which we had directed the appellant to deposit an amount of Rs.10 crores and report compliance today. 2. Ld. counsel appearing for appellant submits that appellant has deposited/reversed an amount of Rs.5 crores in RG 23A Part-II account and produces the copy of such reversal. It is his submission that the ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , we find that the Bench had considered the issue on merits. It is also noted that the appellant had not raised any plea of financial hardships when the matter was heard on 15.04.13, it is ostensible that the balance sheet was not ready. At this juncture, we find from the balance sheet that the appellant is reporting operating loss of Rs.150.87 crores and net loss of Rs.100.69 crores. When the sta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rar. Deputy Registrar on ascertaining compliance, will place the file before the Bench for appropriate order on 26.08.13. Subject to such compliance being reported, the appeals will be heard on merits. It is also made clear that no further indulgence will be granted to the appellant in any manner and the appeals will stand dismissed if compliance is not reported on that day. (Dictated and pronoun ..... X X X X Extracts X X X X X X X X Extracts X X X X
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