Heard the learned counsel for the applicant.
Out of the amount deposited with the Tribunal, the Tribunal is directed to invest 70% thereof in any Nationalized Bank in the names of the respondents-claimants initially for a period of three years with periodical renewal till the appeal is finally decided by this Court. Rest of the 30% of the amount is permitted to be withdrawn by the respondents-claimants by account payee cheque after proper verification subject to final result in the appeal. The FDR shall remain with the Nazir of the trial court.
With the aforesaid direction, interim relief in terms of paragraph 4(A) is granted. This Civil Application stands disposed of. Rule is made absolute.
(ANANT S. DAVE, J.) (swamy) Top