Deposit of 15% of Outstanding Dues: SC quashes Deposit of Additional Amount as Condition Precedent for Continuation of Stay

The SC quashed deposit of additional amount as condition precedent for continuation of stay as there was deposit of 15% of the outstanding dues
By Kalyani B. Nair - On January 31, 2024 9:30 pm - 2 mins read
Supreme Court - Outstanding dues - Deposit of Additional Amount - Continuation of Stay - TAXSCAN

The Supreme Court quashed deposit of additional amount as condition precedent for continuation of stay as there was deposit of 15% of the outstanding dues. From a perusal of the order of the High Court, it is clear that out of the total dues of Rs.3,47,00,000/-( Three Crore Forty Seven Lakhs Only ), an amount…

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