2015 (8) TMI 205

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....ramaniyam, AC (AR) ORDER Per R. Periasami Vide Misc. Order No. 42491/2014 dated 31.12.2014, the appellant was directed to predeposit Rs. 4 crores within four weeks and to report compliance on 24.2.2015. The said miscellaneous order was passed exparte as the appellant was not present on the date of hearing. Against the miscellaneous order, the appellant preferred CMA before the Hon'ble Mad....

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....its that the appellant have already deposited an amount of Rs. 48,60,872/- in the year 2011 apart from Rs. 50 lakhs but the same has not been appropriated in the adjudication order. He also submits that the appellants are in severe financial crisis and pleads for waiver of predeposit taking into account the amount of Rs. 98,60,872/- already deposited. 3. On the other hand the learned AR for Rev....