Supreme Court Reduces Pre-Deposit for Sick Company, Appellant to Pay Rs. 25 Lakhs Within 8 Weeks

The SC modified the HC's order for a sick company, reducing the pre-deposit amount to Rs. 25 lakhs from Rs. 50 lakhs. Appellant must deposit within eight weeks. Appeal disposed of with directions, no costs ordered. Appeal to be restored for further proceedings post deposit.

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The Supreme Court modified the High Court's order for a sick company, reducing the pre-deposit amount to Rs. 25 lakhs instead of Rs. 50 lakhs. The appellant must deposit the amount within eight weeks. The appeal is disposed of with these directions, no costs are ordered. After the deposit, the appeal will be restored to file for further proceedings.

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