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National vs Kantilal

High Court Of Gujarat|30 January, 2012

JUDGMENT / ORDER

Admit.
(K.S.
JHAVERI, J.) ORDER IN CIVIL APPLICATION
1. Rule returnable on 12.03.2012.
2. In the meantime, stay against execution of the impugned award on condition that the applicant deposits with the Tribunal the entire amount of the award together with costs and interest before the returnable date. The claimant shall be permitted to withdraw 30% of the said amount. So far as the remaining 70% amount is concerned, the same shall be invested by the Tribunal in the name of Registry of the Tribunal by way of a fixed deposit with a nationalised bank initially for a period of three years and on maturity shall be renewed by one year at a time without any further orders in this regard till the disposal of the appeal. The interest accruing on the said deposit shall be paid to the original claimants quarterly. The Fixed Deposit Receipt shall be retained by the Tribunal.
(K.S. JHAVERI, J.) Divya// s Top
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Title

National vs Kantilal

Court

High Court Of Gujarat

JudgmentDate
30 January, 2012