1 abs IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 6265 OF 2009 M.K. Tikone .. Petitioner V/s The Union of India & Ors. .. Respondents Mr. V.N. Ansurkar with Mr. D.H. Nadkarni for the Petitioner. Mr. A.S. Rao with Mr. Rohit Pardeshi for the respondents. CORAM : F.I. REBELLO & D.G. KARNIK, JJ. DATE : 22ND JULY 2009 P.C. : 1. Rule. Heard forthwith. 2. There is no infirmity in the order of the Tribunal. However, considering the fact that the petitioner herein was an ex-employee and further that he should not be denied right to appeal and also considering that heavy penalty has been imposed against him, we reduce the amount of penalty from Rs.5,00,000/- to Rs.2,00,000/-. The said amount shall be deposited within 4 weeks from today. On such deposit, the impugned order 2 shall stand modified. On failure to deposit, the impugned order shall stand confirmed. 3. Rule is made absolute with no order as to costs. (D.G. KARNIK, J.) (F.I. REBELLO, J.)