IN THE HIGH COURT OF GUJARAT AT AHMEDABAD SPECIAL CIVIL APPLICATION No 4936 of 2003 For Approval and Signature: HON'BLE MR.JUSTICE JAYANT PATEL ============================================================ 1. Whether Reporters of Local Papers may be allowed : NO to see the judgements? 2. To be referred to the Reporter or not? : NO 3. Whether Their Lordships wish to see the fair copy : NO of the judgement? 4. Whether this case involves a substantial question : NO of law as to the interpretation of the Constitution of India, 1950 of any Order made thereunder? 5. Whether it is to be circulated to the concerned : NO Magistrate/Magistrates,Judge/Judges,Tribunal/Tribunals? -------------------------------------------------------------- KOSAMBA MERCANTILE CO OP BANK LTD. Versus SURESHBHAI DAYALJIBHAI RAMANI -------------------------------------------------------------- Appearance: 1. Special Civil Application No. 4936 of 2003 MR RAVINDRA SHAH for Petitioner No. 1-4 MR ASHOK N PARMAR for Respondent No. 1 -------------------------------------------------------------- CORAM : HON'BLE MR.JUSTICE JAYANT PATEL Date of decision: 15/07/2004 ORAL JUDGEMENT The petitioner has approached this court challenging the legality and validity of the order, dated 24.12.2002 passed by the tribunal below stay application in Revision Appln.No.449/02 arising from the Lavad Case No.1149/02. 2. Upon hearing Mr.Shah for the petitioner and Mr.Parmar for respondent it appears that there is no dispute on the point that the revision is pending before the tribunal. As such, the order passed by the tribunal is discretionary order. However, Ld.counsel for both sides agree that if the revision is ordered to be heard within some stipulated time limit and till then the ad interim relief granted by this court is allowed to continue their respective clients have no objection. 3. Considering the above, it is observed that the tribunal may take up the revision and shall make an attempt to dispose of the same as early as possible preferably within a period of four months from the date of receipt of writ of this court. Until the tribunal decides revision finally the ad interim relief granted by this court shall continue. 4. Subject to aforesaid observations, rule is discharged. Considering the facts and circumstances of the case, there shall be no costs. 15.7.04 (JAYANT PATEL,J)