(1.) These are the applications for waiver from the requirement of pre -deposit and also the stay on recovery of -
(2.) Heard both the sides in respect of the stay applications.
(3.) The appellant plead financial hardship on the ground that they are a sick company in respect of which a rehabilitation package finalised by the BIFR vide order dated 17/12/02 is under implementation and for this reason the pre -deposit should be waived for hearing of these appeals. Our observations in respect of this plea of the appellant are as under: