1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORIGINAL SIDE WRIT PETITION NO.4 OF 2010 Gem Pharmaceuticals Limited & Ors. .... Petitioners Vs. Central Bank of India .... Respondent S/Shri M.M. Vashi i/b Yogesh K. Deshpande for the Petitioners. Shri H.N. Thakore with Ms Prajakta Mhatre i/b M/s. Thakore Jariwala & Associates for the Respondent. CORAM: J.N. PATEL AND A.P. BHANGALE, JJ. DATED: APRIL 09, 2010 P.C: Heard the submissions made by the learned counsel appearing for the parties and also perused the impugned order dated 24-11-2009, passed by the Debts Recovery Appellate Tribunal, Mumbai in M.A. No.917 of 2007 in Appeal No.149 of 2009. By the impugned order, the petitioners are directed to deposit a sum of Rs.50 lakhs with the Registrar of the DRAT within six weeks as against their dues of more than Rs.90 lakhs, the deposit of the 2 amount being a condition precedent for the appeal to be entertained. Under the circumstances, we do not find any infirmity in the impugned order as the direction to deposit is a condition precedent for the appeal to be entertained and is mandatory. In our opinion, the DRAT has exercised its discretion properly and also considering the total amount due and payable by the petitioners, we do not find any case having been made out for interference by this Court. The petition, therefore, is dismissed. J.N. PATEL, J. A.P. BHANGALE, J.