https://www.taxtmi.com/caselaws?id=785105 When a tribunal finds undue hardship and poor financial condition, treating a statutory 10% ceiling as a mandatory minimum deposit renders the appellate remedy illusory; for an NPA-classified entity with no liquid assets, a multi-million cash deposit is prima facie undue hardship and alternative conditions permitted under the second proviso to Section 19(1) including indemnity bonds or corporate guarantees may be imposed to secure the States interest without depriving the appellant of effective access to appeal; the substantial question is answered in the appellants favour. en-us Thu, 15 Jan 2026 00:00:00 +0530 Sat, 17 Jan 2026 08:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785105 When a tribunal finds undue hardship and poor financial condition, treating a statutory 10% ceiling as a mandatory minimum deposit renders the appellate remedy illusory; for an NPA-classified entity with no liquid assets, a multi-million cash deposit is prima facie undue hardship and alternative conditions permitted under the second proviso to Section 19(1) including indemnity bonds or corporate guarantees may be imposed to secure the States interest without depriving the appellant of effective access to appeal; the substantial question is answered in the appellants favour. Case-Laws FEMA Thu, 15 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785105