2013 (12) TMI 1071

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..... s are contesting that International Finance Corporation is not a financial institution or anybody corporate, which provides the services relating to banking. In view of this, the amount already deposited is sufficient pre-deposit. The application for waiver of pre-deposit of remaining dues is allowed and recovery of the remaining dues is stayed during the pendency of the appeal - Prima facie case .....

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..... 1994. 3. The applicant received some services from International Finance Corporation which co-ordinates with the International Bank for Reconstruction and Development for providing loans for growth of private enterprises in the member countries. The contention is that the International Finance Corporation is not providing any banking or financial service. The International Finance Corporation i .....

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..... ng that International Finance Corporation is not a financial institution or anybody corporate, which provides the services relating to banking. In view of this, the amount already deposited is sufficient pre-deposit. The application for waiver of pre-deposit of remaining dues is allowed and recovery of the remaining dues is stayed during the pendency of the appeal. 6. Stay Petition is allowed. .....

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