1. The proceeding challenges an order of the Telecom Disputes Settlement Appellate Tribunal, New Delhi. That order is of 20 December 2019.
2. Mr. Limaye for the 1 Respondent raises a point of territorial jurisdiction. Both sides have much to say on this. including inviting attention to various statutes, rules, gazette notifications etc. In the current situation of online hearings only, it is difficult to fully assess all this material.
3. By the order under Appeal, the Appellant was directed to make payment to the 1 Respondent of an amount of Rs. 15 Lakhs as damages/compensation. The 2 Respondent bank was confronted with an order of Rs. 3.5 Lakhs, which it has paid. There is also an order for payment of interest at the rate of 9% per annum from June 2018. Additional costs have been awarded at Rs. 25,000/- and interest has been awarded on those costs as well.
4. In order to protect and balance the rights of the parties, we direct the Appellants to deposit an amount of Rs. 15 Lakhs with the Registrar General of this Court by 28 January 2022. This is to be accompanied by an undertaking by a duly authorised officer to make payment of the interest component if so directed by this Court. The undertaking will also cover the question of costs and interest on costs. On deposit, the amount is to be invested in accordance with the usual practices of the office.
5. We propose to take this matter at the earliest possible at a physical hearing. We tentatively list the matter on 7 February 2022 at 2.30 pm. We will hear both sides on that date. Until then, and subject to the Appellant making the deposit and furnishing the undertaking as aforesaid, execution of the impugned order will be stayed.
6. We clarify that if the deposit and undertaking are not made/furnished by 28 January 2022, this stay will automatically cease without requiring a further order of the Court. The undertaking may initially may be furnished by email or e-file. A hard copy may filed at a later stage.
7. All concerned will act on production of a digitally signed copy of this order.