2013 (11) TMI 290

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.... : Mr. M.V. Ravindran; This application is filed for modification of our stay order No.M/12324/WZB/AHD/2013, dt.03.05.13 vide which we had directed the appellant to deposit an amount of Rs.10 crores and report compliance today. 2. Ld. counsel appearing for appellant submits that appellant has deposited/reversed an amount of Rs.5 crores in RG 23A Part-II account and produces the copy of such ....

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.... for some time on the modification application, we find that the Bench had considered the issue on merits. It is also noted that the appellant had not raised any plea of financial hardships when the matter was heard on 15.04.13, it is ostensible that the balance sheet was not ready. At this juncture, we find from the balance sheet that the appellant is reporting operating loss of Rs.150.87 crores ....