Consideration of petitioner's financial hardships led the court to reduce the requisite pre-deposit from Rs. 25 lakhs to Rs. 10 lakhs in an appeal involving company law.
Reduced the pre-deposit to Rs. 10 lakh; extended time to deposit by six weeks.
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Mgn
IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE CIVIL JURISDICTION
WRIT PETITION NO.5301 OF 2009
M/s.Bhav Shakti Steelminjes Pvt. Ltd...Petitioner
Vs.
Union of India & Ors.
...Respondents
Mr. Ashok Singh, for the Petitioner Mr. R.V.Desai, Senior Counsel with Mr. Rajinder Kumar for Respondents.
CORAM : F.I. REBELLO &
J.H. BHATIA, JJ.
DATED : 23RD JUNE, 2009
P.C.
(J.H. BHATIA,J.) (F.I. REBELLO,J.)
2 issues framed by the court
Whether the pre-deposit requirement in the pending appeal may be reduced considering the petitioner's financial difficulties.
How to determine the period for the extended time to deposit the modified pre-deposit amount.
M/s. Bhav Shakti Steelminjes Pvt. Ltd.
Union of India
F.I. Rebello
J.H. Bhatia
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
