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Oriental vs Bhanabhai

High Court Of Gujarat|24 January, 2012

JUDGMENT / ORDER

IN FIRST APPEAL ADMIT.
(K.S.
JHAVERI,J.) ORAL ORDER IN CIVIL APPLICATION No. 752 of 2012 RULE, returnable on 12TH MARCH, 2012.
By way of interim relief, the order of the Tribunal, which is impugned in the first appeal, is STAYED, subject to condition that the appellant shall DEPOSIT the entire decreetal amount along with interest and costs, if any, with the Nazir of the concerned Tribunal, before the returnable date. On deposit of such amount, the Tribunal shall INVEST 70 per cent of such amount in FDRs, in any nationalized bank, initially, for a period of THREE YEARS and thereafter renew the same from time to time, till the DISPOSAL of the first appeal. The original claimants shall be entitled to RECEIVE quarterly interest accruing on the aforesaid amount. Insofar as the remaining 30 per cent amount is concerned, the order regarding its disbursement shall be passed on the returnable date.
(K.S.
JHAVERI,J.) Umesh/ Top
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Title

Oriental vs Bhanabhai

Court

High Court Of Gujarat

JudgmentDate
24 January, 2012