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Issues: Whether notice to respondent No. 3 could be dispensed with and whether the impugned order directing refund of Rs. 15,82,41,007/- should be stayed pending the next date of hearing.
Analysis: The memorandum seeking dispensation of notice was accepted, and notice to respondent No. 3 was dispensed with at the risk of the appellants. Considering that the appeal was an intra-court appeal and that implementation of the impugned refund direction could render the prayer in the appeal infructuous, interim protection was found appropriate till the next date of hearing.
Outcome: Notice to respondent No. 3 was dispensed with, and the order dated 07.08.2018 was stayed till the next date of hearing.