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Issues: Whether the appellant was entitled to modification of the stay order by placing fresh evidence of financial hardship on record.
Analysis: The request was based on a profit and loss account for the year ending 31 March 2001. The Tribunal found no valid explanation for not producing this material when the stay application was originally heard. In the absence of a satisfactory cause for withholding the evidence earlier, the plea to reopen the matter was not entertained, as a stay application cannot be considered in piecemeal.
Outcome: The plea for modification on the ground of financial hardship was declined.