Over turning the pleas of CBI and the victims' association, a three-judge bench of Justices A R Dave, Kurian Joseph and Adarsh Kumar Goel asked them to pay the total fine of Rs 60 crore in three months and deposit it with the Delhi government, which in turn will spend the money on welfare schemes.
The bench rejected the submissions of senior advocate Harish Salve, appearing for CBI, that the convicts be sent to jail to serve the remaining jail term.
"My instruction from CBI is to press for their custody," Salve said, when the court sought his views.
Senior advocate KTS Tulsi, who represented the Association of Victims of Uphaar Tragedy (AVUT), also said that the convicts not only be jailed, but rather their punishment should be enhanced.
Fifty-nine people, trapped in the balcony of the theatre in South Delhi, had died of asphyxia following the fire and over 100 were injure in the subsequent stampede on June 13, 1997 during the screening of Bollywood film "Border".