2012 (8) TMI 1001

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....Ravindranath ORDER Heard the learned counsel for the petitioner, as well as the learned counsel appearing on behalf of the respondents. 2 The main contention of the learned counsel appearing on behalf of the petitioner is that the observation contained in the stay order, dated 12.06.2012, issued by the first respondent/Appellate Tribunal, that the petitioner had offered to make a Pre-depo....

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....ould have to be dealt with by the first respondent/Appellate Tribunal, as the order, dated 17.10.2011, issued by the second respondent, is under challenge in the said appeal before the Appellate Tribunal. 5 In such circumstances, this Court finds it appropriate to direct the petitioner to furnish a Bank Guarantee, for a sum of Rs. 1 Crore, to the satisfaction of the second respondent, in additi....