1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH : NAGPUR Civil Application No. 2820 of 2009 IN First Appeal No. 1170 of 2009 [The Maharashtra Housing Area Devpt. Authority & another Vs. M/s. S.S. Dave & Co.] Office Notes, Office Memoranda of Coram, appearances, Court's orders Court's or Judge's orders or directions and Registrar's orders. Mr. S.G. Joshi, Adv., for the respondent. Mr. P.C. Madkholkar, Adv., for appellant. ----- CORAM : A.H. JOSHI AND P.B. VARALE, JJ. DATE : 03rd March, 2010. 1. Heard. 2. Parties agree that the reasons be dispensed with. 3. This Civil Application is allowed as follows:- [a] 50% of amount deposited by the applicant be kept in Fixed Deposit in a Nationalized bank for 3 years and shall be renewed on year to year basis until further orders. 2 [b] Respondent is allowed to withdraw remaining 50% amount on furnishing solvent surety to the satisfaction of Registrar. [c] Solevency be renewed each year before 31st March, and in case of failure the amount withdrawn will have to be re-deposited within 30 days with interest @ 12% P.A. 4. Civil Application is disposed. No costs. Judge Judge |Hedau|