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Issues: Whether the operation of the order rejecting renewal of the gold dealers licence should be stayed pending disposal of the appeal.
Analysis: The majority treated the stay request as a limited interlocutory prayer and not a final determination of the merits of the renewal dispute. It held that the applicant had shown a strong prima facie case because the licence had been renewed previously even after the earlier adjudication, no fresh contravention had been alleged, and the refusal to renew would deprive the applicant of his means of livelihood. The majority also found that the balance of convenience favoured protection of the applicant from irreparable injury pending appeal. The contrary view that granting stay would virtually dispose of the appeal was rejected.
Conclusion: The stay application was allowed and the operation of the impugned order was stayed pending disposal of the appeal.
Dissenting Opinion: One Member held that the stay request should be rejected because granting it would effectively decide the appeal on merits and the applicant had not made out a case for interim relief.