Conditional pre-deposit relief kept recovery stayed during appeal, subject to compliance with earlier stay conditions.

Interim relief on pre-deposit was considered in relation to a pending appeal, with the stay of recovery made conditional on compliance with earlier directions. The appellant was required to deposit Rs. 25 lakh by the specified date, and recovery proceedings for the balance were stayed during the pendency of the appeal subject to the earlier conditions. The operative effect was a partial waiver of immediate recovery, but only on strict compliance with the deposit requirement and prior stay conditions.

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Issues: Whether waiver of pre-deposit and stay of recovery proceedings should be granted, and what conditions should govern interim relief in view of the earlier order on a similar issue.

Outcome: The application was disposed of by directing deposit of Rs. 25 lakh by the appellant by the specified date, with the remaining recovery stayed during pendency of the appeal subject to compliance with the earlier conditions.

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