Allowed
Videocon Telecommunications Limited v. Viom Network Limited
Delhi HCFAO(OS) (COMM)/48/2016
Case brief
AI extract
What is this about?
The Court, after hearing counsel, allowed appeals on the plea that the appellant should be exempted from making the directed deposit pending the Single Judge's decision on merits. The appellant was ordered to secure its fixed assets and file a valuation statement, with a consent order applicable only for the interim period.
What did the court decide?
Exemption from deposit directed; undertaking to secure fixed assets; filing of asset statement certified by CA within a week.