1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION MISC. PETITION NO.13 OF 2008 Kishorekumar Nanalal Waghel ...Petitioner In the matter of appoint of guardian for property of minors 1.Ragini Krishnakumar Waghela 2.Geeta Krishnakumar Waghela 3.jHeena Krishnakumar Waghela 4.Kajal Krishnakumar waghela 5.Parthkumar Krishbnakumar Waghela Minors Mr.S.A.Abhyankar for Petitioner CORAM: SMT.ROSHAN DALVI, J. DATED: 2ND SEPTEMBER, 2008 P.C. 1. This Petition is filed for permission to sell the property inter alia belonging to the five minors for whom the Petitioner has applied to be appointed guardian. The Petitioner has already been appointed guardian of the persons of the minor children under an order of the Family court dated 8th February, 2008. 2. The Petitioner is the paternal uncle of the children. The 2 property is stated to be of the joint Hindu Family. Each of the minor children are stated to be having share/interest in the ratio of 2.04% in the property collectively. The Petitioner is appointed Guardian of the five minor children mentioned in the Petition in respect of the properties of the minors. The Petitioner has shown the proposed agreement sought to be entered into by him on behalf of the five minor children with KTG Developers Pvt. Ltd for the minors' share of Rs.5,50,000/- which represent 2.04% of the total amount of the proposed agreement. 3. The Petitioner shall be entitled to execute the agreement subject to depositing Rs.5,50,000/- with the Accounts Officer of this court prior to the execution of the agreement. 4. The Accounts Officer of this Court shall invest the said amount in Cumulative FDR of any Nationalised Bank initially for a period of five years. 5. The five minor children will be paid the amount upon their attaining majority. (SMT. ROSHAN DALVI, J.)