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Issues: Whether the pre-deposit ordered in the stay application should be reduced on the ground of parity with similarly placed buyers and whether the plea relating to the Kar Vivad Samadhan Scheme required consideration.
Analysis: The earlier direction was reconsidered after the department stated that no appeal was contemplated against the orders dropping proceedings against two similarly placed buyers. The request based on the Kar Vivad Samadhan Scheme was not expressed upon at that stage.
Outcome: The pre-deposit was reduced to Rs. 10 lakhs and recovery of the balance penalty was stayed on payment.
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