2014 (6) TMI 950

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....n behalf of the appellant. There is no application for adjournment in the record. 2. By Stay Order No. 490/2012 dated 12.6.2012, the applicant was directed to predeposit an amount of Rs. One crore within eight weeks and report compliance on 21.8.2012. In addition, bank guarantee for an amount of Rs. 1.8 crores was directed to be kept alive till the disposal of the appeal. On perusal of the record....

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....ring the same, modified the condition of depositing of Rs. 1.00 crore to that of furnishing bank guarantee for Rs. 1.00 crore. 3. It is not in dispute that the undertaking was given by the learned counsel who appeared for the first respondent, on behalf of the first respondent. Therefore, the first respondent is not entitled to challenge the same, since the undertaking given by the counsel is mo....