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Icici vs Chhelabhai

High Court Of Gujarat|30 January, 2012

JUDGMENT / ORDER

Though served, none appears on behalf of the respondents.
1. Heard.
Ad-interim relief granted earlier to continue as interim relief pending final disposal of the First Appeal. Out of the amount deposited with the Tribunal concerned, 50% (fifty) shall be invested in Fixed Deposit with any nationalized bank, initially, for a period of one year, which shall be renewed from time to time, without any further orders in that regard from this Court. The quarterly interest accruing on such deposit shall be accumulated in the FDR. The FDR shall be retained by the 'Nazir' of the Tribunal concerned. Orders regarding disbursement of the above amount shall be passed at the time of final disposal of the first appeal.
2. The balance 50% (fifty) amount shall be permitted to be withdrawn by the original claimants, by "account payee" cheque, after proper verification.
3. The application stands disposed of accordingly. Rule is made absolute to the above extent with no order as to costs.
[K.S.
JHAVERI, J.] /phalguni/ Top
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Title

Icici vs Chhelabhai

Court

High Court Of Gujarat

JudgmentDate
30 January, 2012