Stay order modification on instalment deposit refused on merits, while time for the first two payments was extended.

A stay order requiring deposit in instalments was sought to be modified on the basis of alleged financial hardship and claimed errors in the earlier order. The modification request was not accepted on merits, but the time for depositing the first and second instalments was extended.

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Issues: Whether the stay order requiring deposit of Rs. 48 lakhs in instalments warranted modification on the basis of alleged financial hardship and alleged errors in the earlier order.

Outcome: The request for modification was not accepted on merits, but the time for deposit of the first and second instalments was extended.

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