Deposit condition unsustainable; Supreme Court set aside the Rs. 2 crores requirement while sustaining the remaining order.

A deposit condition requiring payment of Rs. 2 crores was found unsustainable because the matter was treated as identical to a previously decided case, and the Court followed the reasons recorded there. The monetary deposit requirement was therefore set aside, while the remaining conditions in the impugned order were left undisturbed and sustained.

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Issues: Whether the condition requiring deposit of Rs. 2 crores in the impugned order was sustainable.

Analysis: The matter was treated as identical to a previously decided case, and the Court followed the reasons recorded therein. On that basis, the monetary deposit condition was found unsustainable, while the remaining conditions were left undisturbed.

Conclusion: The condition requiring deposit of Rs. 2 crores was set aside, but the rest of the impugned order was sustained.

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