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<h1>High Court affirms Tribunal's Rs.3 Crores predeposit order. Compliance crucial for appeal.</h1> The High Court upheld the Tribunal's order directing the petitioner to predeposit Rs.3 Crores within 12 weeks. The appeals would be deemed rejected if the ... Stay - appeal against the order of tribunal granting stay after directing the parties to deposit 3 crores - issue was service tax on security charges - HC extended the time to comply the order of CESTAT but did not give any further relief The High Court Bombay High Court in 2010 (7) TMI 207 case heard appeals against a Tribunal order directing a petitioner to predeposit Rs.3 Crores. The appellant agreed to comply with the order by depositing the amount within 12 weeks, failing which the appeals would be deemed rejected. The Tribunal was instructed to proceed with the appeal based on compliance with the undertaking.
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