The Supreme Court on Friday passed an interim order on the plea challenging tax exemptions accorded to the organisers of the Formula 1 race in Greater Noida.

The Apex court said the organisers would deposit 25 per cent of sale proceeds from tickets in a separate account which would not be operated without its permission.

A bench of justices D K Jain and A R Dave directed that the deposit would be subject to the final outcome of the plea.

The apex court rejected arguments of the organisers that the direction would act as a dampener and cause adverse publicity since it was an international event.