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Issues: Whether the applicants were entitled to waiver of deposit of the penalty imposed under Rule 209A and stay of its recovery.
Analysis: The applicants stated that they were only clerks of the company at the relevant time, had left employment, and were unable to deposit the amounts on account of financial hardship. The Tribunal also took note of its earlier order in a connected matter involving the same issue and the relief granted there.
Conclusion: The Tribunal waived deposit of the penalties imposed on each applicant and stayed recovery.