For the first time , the Supreme Court of India on realising the fact that corporate entities are pleading for early hearings and corporate matters consume a lot of judicial time , it ordered to make pre-deposit for hearing their case on priority .
A Supreme Court bench headed by Chief Justice of India TS Thakur directed Star India and BCCI, on 29th April 2016 , to make a pre-deposit of Rs 50 lakh each for an early hearing .
The bench observed that
People file cases and take chances here without realising what will happen,” .
Incidentally , it started with a day after Attorney General Mukul Rohtagi suggested for direction of pre-deposits in corporate cases. He suggested the same during the clarification sought from the Governement of India , by Supreme Court of India , on the creation of National Courts of Appeal in four regions .
It is interesting to note that the bench further observed on quantum of pre-deposit
It should be ideally 10 times the fees charged by you (senior advocates) for one hearing… it should be one crore (rupees) since you take 10 lakh (rupees).”
The bench even told the advocates that corporate matters were taking a lot of time.
You must make some payment. We will hear your case only after that,”