:1: IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT WRIT WRIT PETITION NO.1330 OF 2008 PETITION NO.1330 OF 2008 PETITION NO.1330 OF 2008 Gemini Dyeing & Printing Mills Ltd. ..Petitioner V/s The Sangli Bank Ltd. & Others ..Respondents Ms Rajni Iyer, Sr. Counsel a/w Birendra Saraf i/b Vimadalal & Co. for the petitioner Mr.K.S.Jain for the respondent No.4 Ms. Shraddha Chavan i/w Suresh Kumar for respondent No.16 Mr. S.S. Pakle a/w M.S. Byardwaj and S.C. Pal i/b Dr. T.C. Kaushik for respondent No.18 CORAM CORAM CORAM : : : SRI R.M.S. KHANDEPARKAR AND SRI R.M.S. KHANDEPARKAR AND SRI R.M.S. KHANDEPARKAR AND SRI SRI SRI A.A. SAYED, JJ. A.A. SAYED, JJ. A.A. SAYED, JJ. DATE DATE DATE : 14TH AUGUST, 2008 : 14TH AUGUST, 2008 : 14TH AUGUST, 2008 P.C. 1. The learned Sr. Counsel appearing for the petitioner states that subsequent to the filing of the petition the recovery officer has passed an order dated 7th August, 2008, consequent to which the petitioner craves leave to withdraw the petition with liberty to file a fresh petition. However, in order to secure the interest of the petitioner meanwhile the necessary protection to the petitioner need to be granted by staying further proceedings relating to Recovery Proceeding No.29/2008 for a certain period :2: to enable the petitioner to file a fresh petition and to move for interim order. 2. In view of order dated 7th August, 2008 passed by the Recovery Officer in Recovery Proceeding No. 29/2008, we find that the petitioner is justified in seeking leave to withdraw the petition with liberty to file fresh petition as also to seek interim protection as prayed for. Accordingly the petition is allowed to be withdrawn and stands disposed of accordingly with liberty to the petitioner to file fresh petition. 3. Meanwhile for a period of six weeks the further proceedings in Recovery Proceeding No. 29/2008 shall remain suspended. Needless to say that the properties which are in possession of the petitioner in relation to the transaction in the matter, the petitioner is required to maintain status-quo in respect thereof. (R.M.S. (R.M.S. (R.M.S. KHANDEPARKAR, J.) KHANDEPARKAR, J.) KHANDEPARKAR, J.) :3: ( A.A. SAYED, J.) A.A. SAYED, J.) A.A. SAYED, J.)