1 CRR207.10.sxw JPP IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER’S REPORT NO. 207 OF 2010 IN SUIT NO. 494 OF 1991 Verinder Kumar Verma of Bombay. ... Plaintiffs. V/s. Satish S. Marathe. ... Defendants. Mr. Y.S. Bhate for the Plaintiffs. Mr. P.N. Patwardhan a/w. Kantilal Kanojia for Defendant 1. Ms. Pallavi Marathe for Defendant 2. Mr. Sudhan Amare for Defendant 4. Mr. K.V. Bhandary for Defendants 5 and 6. Mr. G.G. Ketkar, 1st Asstt. to C.R. CORAM : R.Y. GANOO, J. DATED : 30th NOVEMBER 2010. P.C. :- Representative of the Court Receiver informs the Court that developer has deposited in this Court Rs.2,50,792/-. He also informs the Court that developer has deposited in this Court installments for the month of October and November 2010 at the rate of Rs.18,360/-. 2. After hearing learned Counsels on both sides, following order is passed on this report :- 2 CRR207.10.sxw (i) The Court Receiver to deposit in the office of this Court Rs.2,50,792/- on or before 15th December 2010. (ii) The Court Receiver shall deposit in the Office of this Court Rs.36,720/- on or before 15th December 2010. (iii) The developer is directed to deposit in this Court Rs.18,360/- from the month of January 2011 onwards till further orders from the Court 1st installment shall fall due on or before 10th January 2011 being the installment for the month of 1st January 2011. Installments for the subsequent months on month to month basis be deposited on or before 10th of the respective month. Any person who is interested in getting this amount from the Court will be at liberty to take out appropriate proceedings and at disposal of the said proceedings, appropriate orders would be passed as regards the money lying in this Court. After deposit of Rs.36,720/- and monthly installments gets deposited and the said sum reaches Rs. 2,00,000/-, said amount of Rs.2,00,000/- shall be invested in a fixed deposit in a nationalized bank for 1 year and said deposit be renewed for a like period till further orders from the Court, that is to say as and when on account of monthly deposit of Rs.18,360/- reaches the figure of Rs.2,00,000/-. 3 CRR207.10.sxw Said sum of Rs.2,00,000/- be invested as per the above terms. Similarly, when Rs. 2,50,792/- are deposited in the Court, said amount shall be invested in a nationalised bank initially for a period of 1 year and said deposit be renewed for a like period till further orders from the Court. 3. The Court Receiver’s Report stands disposed of accordingly. (R.Y. GANOO, J.)