1998 (7) TMI 164

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....nd D.H. Shah with Arun Mehta, Advocates, for the Appellant. Shri S.V. Singh, JDR, for the Respondent. [Order per : K.S. Venkataramani, Vice President]. - The applications are for dispensing with the pre-deposit of Rs. 1.00 lakh which has been imposed on each of these applicants in the impugned order. 2. Shri M.H. Patil the ld. Counsel represented applicant Shri Rajesh L. Makhija a....

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....e of the firm of B. Kantilal & Co., and the order has also not discussed a specific role of this applicant for imposing penalty on him. 3. Shri S.V. Singh the ld. JDR pointed out that applicant Shri Prakash Kundamal Jain is no mere employee but Power of Attorney holder and there is no evidence that the show cause notice addressed to him had been returned `undelivered'. In respect of applic....