Tribunal relieved Standard Chartered Bank from pre-depositing penalty subject to payment of half of

CL : Where in respect of appellant's application seeking waiver of pre-deposit of penalty, respondent raised an objection that in absence of plea of hardship said application was to be rejected, without going into merits of case, dispensation of pre-deposit of penalty was to be granted to appellant till disposal of appellate proceedings subject to payment of 50 per cent of penalty amount