74 Stay of recovery of balance amount

(1) while filing an appeal, the  , the appellant may submit an application to the appellate authority for staying the recovery of  the balance amount of seventy five per cent by giving cogent reasons therefor.

(2) The appellate authority shall dispose of the stay application within a period of thirty days from the date of its submission, failing which it shall be deemed that the recovery of the balance amount has been stayed till the disposal of the application.