Heard. Stay against execution of the impugned award on condition that the applicants deposit with the Reference Court the entire decretal amount within a period of six weeks from today. The original claimant/s shall be permitted to withdraw 50% of the invested amount subject to the result of the first appeals.
The remaining amount shall be invested by the Reference Court in the name of Registry of the Court 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 appeals. The interest accruing on the said deposit shall be paid to the original claimant/s quarterly. The Fixed Deposit Receipts shall be retained by the Reference Court. Civil Applications are allowed accordingly. Rule is made absolute to the aforesaid extent.
(K.S. JHAVERI, J.) Divya// Top