1 IN THE HIGH COUT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION CIVIL APPLICATION NO. 3036 OF 2010 IN FIRST APPEAL NO. 1579 OF 2009 Dr. Vijaykumar Nemgonda Patil.....Applicant Vs. Maharashtra State Road Transport Corpn, Sangli.... Respondents Mr. Tejpal S. Ingale Adv. for the applicant Mr. C.M. Lokesh i/b. G.S. Hegde Adv. for the respondent no.1. CORAM : R.G. KETKAR, J. DATE : 16th August, 2010. P.C. : 1. Heard Mr. Ingale, learned counsel for the applicant and Mr. Lokesh, learned counsel for the respondent. 2. By this application, the applicant seeks permission to withdraw the amount of Rs. 4,83,229/- deposited by the respondent no.1 in Reference Court at Sangli. 3. Shri Ingle invited my attention to the order dated 9-1-2010 in C.A. No. 1270/2010 in First Appeal (St.) no.37048/03. He submitted that as per that order the applicant may be permitted to withdraw 25% 2 of the above awarded amount i.e. Rs. 4,83,229/- without furnishing security. Out of the awarded amount, 25% of the amount may be permitted to be withdrawn by giving appropriate security to the satisfaction of the Reference Court and the rest of the awarded amount may be invested in the nationalised bank initially for a period of 2 years. 4. Mr. Lokesh appearing for the respondent no.1 has fairly stated that he has no objection for passing the order on the similar lines. 5. In view of this C.A. is disposed of in the following terms. i) The applicant is permitted to withdraw 25% of Rs. 4,83,229/- without furnishing any security. ii) Applicant is permitted to withdraw 25% of Rs. 4,83,229/- on furnishing appropriate security to the satisfaction of the Reference Court. Applicant shall furnish security within eight weeks from today. Before accepting the security, the Reference Court will hear the respondent no.1. Iii) 50% of Rs. 4,83,229/- shall be invested in fixed deposit of any nationalised bank initially for a period of three years. During the pendency of the First Appeal, the deposit shall be renewed. 3 6. C.A. Stands disposed of in the aforesaid terms with no order as to costs. [R.G. KETKAR, J.]