1999 (5) TMI 39

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..... idered order dated 13-2-1999. 2.Pursuant to an earlier order of the Writ Court the matter was reconsidered and deposit of Rs. 20 lac. was called for, plus Rs. 50,000/- from each applicant towards penalty. 3.In passing that order the Tribunal halved the total claim observing that prima facie according to them the case was arguable from both sides. 4.It is now settled law that in determining the .....

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..... opinion it is possible to pass an interim stay order and keep the writ pending, but that will not be just to either of the parties. As such the writ application is finally disposed of by ordering that in regard to the pre-condition of deposit the impugned order shall be substituted by this order, that, upon deposit of Rs. 11,50,000/- by Mr. Chakraborty's clients within a period of four weeks from .....

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