https://www.taxtmi.com/caselaws?id=360576 The Court ruled in favor of the appellant, setting aside the National Company Law Appellate Tribunal's order that dismissed the appeal for non-compliance with the deposit condition attached to the stay. The Court reinstated the appeal, emphasizing that the Tribunal lacked the authority to require a deposit as a condition for hearing the appeal. The stay on the penalty order was lifted due to non-compliance with the deposit condition, but the appeal itself must be decided on its merits. This decision reinforces the appellant's statutory right to appeal without being subject to arbitrary financial conditions. en-us Fri, 18 May 2018 00:00:00 +0530 Sat, 19 May 2018 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360576 The Court ruled in favor of the appellant, setting aside the National Company Law Appellate Tribunal's order that dismissed the appeal for non-compliance with the deposit condition attached to the stay. The Court reinstated the appeal, emphasizing that the Tribunal lacked the authority to require a deposit as a condition for hearing the appeal. The stay on the penalty order was lifted due to non-compliance with the deposit condition, but the appeal itself must be decided on its merits. This decision reinforces the appellant's statutory right to appeal without being subject to arbitrary financial conditions. Case-Laws Law of Competition Fri, 18 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360576