2003 (10) TMI 509

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....Respondent. [Order per : Jyoti Balasundaram, Member (J)]. -  Arguing on the applications for modification of Stay Order No. C-I/1259-62/WZB/2003, dated 13-6-2003, Shri V.M. Doiphode, learned Advocate, submits that, although the applicants had raised the plea of financial hardship based upon the fact of closure of the unit since March, 2001, and such plea was raised during the hearing of the....

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.... modification has been made out by the applicants. 3. On hearing both sides and noting that the plea of financial hardship which was raised in the application and during the hearing of the stay application, does not appear to have been noted by the Bench while fixing the amounts of pre-deposit, we modify our order by directing M/s. Sujala Exports to deposit 25% of the penalty imposed upon th....