IN THE HIGH COURT OF BOMBAY AT GOA MISC.CIVIL APPLICATION NO. 23 OF 2011 IN FIRST APPEAL NO. 24 OF 2006 SHRI. CESAR SOARES, LOUTOLIM, GOA ... Applicant Versus THE MANAGING DIRECTOR, GOA IDC-PANAJI-GOA ... Respondent Ms. Prema Matkar, Advocate for the Applicant. Mr. P. Bandodkar, Advocate for the Respondent. Coram:- F. M. REIS, J. Date:- 25th February, 2011 P.C.: Heard learned Counsel for the applicant and respondent. 2. This is an application to withdraw a sum of Rs.1 lac deposited by the appellant/respondent at the time of obtaining stay of the impugned judgment and award dated 4/11/2005, pursuant to order dated 7/04/2006. The learned Counsel appearing for the respondent/appellant has stated that the appellant/respondent has deposited a sum of Rs.2,54,771/- in this Court. Learned Counsel further states that he has no objection for withdrawal of the said amount subject to the applicant furnishing an undertaking that in case of any adverse order, such amount will be refunded in terms of the judgment which may be passed at the time of the final disposal of the appeal. 3. In the facts and circumstances of the case, the applicant is permitted to withdraw the said sum of Rs.1 lac deposited in this Court subject to the applicant/respondent furnishing an undertaking to the satisfaction of the Registrar of this Court that in case any adverse order is passed at the time of final disposal of the appeal, such amount shall be refunded as per the order which may be passed while disposing of the said appeal. 4. Application stands disposed of accordingly. F. M. REIS, J. NH