TaxTMI 
TaxTMI 
2011 (2) TMI 127
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....ri P.K. Dey, T.A. Khan, Rahul Kaushik and Arvind Kumar Sharma, Advocates, for the Respondent. [Order per : A.K. Patnaik. J.]. - Leave granted. 2.These are appeals against the order dated 24-9-2007 of the Division Bench of the High Court of Delhi in L.PA. No. 1098 of 2006 and against the order dated 2-11-2007 of the Division Bench of the High Court of Delhi in Review Application No. 396 of 2007....
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.... Regulation) Act, 1992 (for short 'the Act') will not be imposed on it. Thereafter, two orders dated 24-5-2002 and 27-6-2002 were passed by the Adjudicating Authority imposing a penalty of Rs. 1,30,00,000/- in respect of each of the two licences on the appellant and its partners under Section 11(2) of the Act. Aggrieved, the appellant filed two appeals before the Appellate Authority against the tw....
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....ned Single Judge dismissed the writ petition. The appellant challenged the order of the learned Single Judge before the Division Bench of the High Court in L.P.A. No. 1098 of 2006. The Division Bench of the High Court passed the impugned order dated 24-9-2007 allowing the appellant to deposit a sum of Rs. 20,00,000/- in each of the two appeals within 8 weeks and further directing that on such depo....
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....ed unless the amount of the penalty or redemption charges has been deposited by the appellant. The third proviso to sub-section (1) of Section 15 of the Act, however, states "where the Appellate Authority is of opinion that the deposit to be made will cause undue hardship to the appellant, it may, at its discretion, dispense with such deposit either unconditionally or subject to such conditions as....