1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 4887 OF 2008 1. Special Recovery Officer, Dr.Annasaheb Chougule Urban Co-op.Bank Ltd ..and ors. .. Petitioners Vs 1.Shri Sadashiv Sidramappa Bolkote and anr .. Respondents Mr. S.S.Tambekar , Advocate for the petitioners. Mr. S.D.Rairikar , AGP, for the Respondent-State. Mr.R.S.Apte, Senior Counsel i/b Mr .A.S.Kulkarni for respondent no.1. CORAM : D.B.BHOSALE, J. DATE : 07/09/2009 PC: 1. Heard learned counsel for the parties. 2. By this writ petition, the petitioner-Bank has impugned the order dated 2.4.2008 passed by the Divisional Joint Registrar, Co-operative Societies, Pune Division, Pune, granting stay of the auction proceedings initiated in pursuance of the recovery certificate dated 1.9.2006. The impugned order in the petition reads thus ; T 2 “Ad for opponent bank files VP and say in the matter and pointed out that compliance u/s 154(2A) is not made by the applicant. S.O. to 11.6.2008. Stay earlier granted to continue till then.” Respondent no.1, during pendency of these proceedings, has, so far, deposited Rs.33,50,000/- with the petitioner-Bank. According to Mr Apte, learned Senior Counsel for respondent no.1, on the date of filing of the revision application, the total recoverable dues were about rupees seventy lacs and the fifty percent thereof are thirty-five lacs. He submits that even if the amount is little more, respondent no.1 is prepared to make good the difference within a period of four weeks from today. It is needless to mention that the petitioner-Bank shall inform respondent no.1 the difference of the amount, if any, within a period of ten days from today. The respondent undertakes to deposit Rs.1,50,000/- with the petitioner-Bank within the aforestated time. His undertaking is accepted. If the amount, as aforestated, is deposited by the respondent, the Divisional Joint Registrar, Co-operative Societies, Pune Division, Pune, shall decide Revision Application No.44 of 2008 filed by respondent no.1 on merits in accordance with law expeditiously. It is also open to respondent no.1 to seek hearing of his pending application, if any, before the Divisional Joint Registrar. With 3 these observations, the writ petition is disposed of. All contentions of both sides on merits are kept open. (D. B. Bhosale, J.)