1. RULE.
Ad-interim relief granted earlier vide order dated 10.9.2012 is hereby confirmed on the conditions that the balance amount of Rs.27,73,000/- (Rupees Twenty Seven Lacks Seventy Three thousand only) shall be deposited by the petitioner-Company before the Registry of this Court within a period of four weeks from today. On depositing the said amount by the petitioner, the Registry is directed to invest the entire amount in FDR with a nationalised bank initially for a period of one year and on maturity shall be renewed by one year at a time without any further orders in this regard till the disposal of the petition. The interest accruing on the said deposit, shall be allowed to be accumulated. The party, who succeeds in this petition, will be entitled to the said amount.
2. At this stage, learned advocate for the petitioner requested this court to direct the Board for Industrial and Financial Reconstruction, New Delhi, to expedite the disposal of the proceedings pending before it. It will be open for the petitioner to move appropriate application before the appropriate Court for expeditious disposal of the proceedings pending before the BIFR.
(K.S.JHAVERI,J.) pawan.
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