IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE ANTONY DOMINIC THURSDAY, THE 7TH FEBRUARY 2008 / 18TH MAGHA 1929 WP(C).No. 4192 of 2008(Y) ------------------------- PETITIONER: ------------ EUROSTAR DISTILLERIES (P) LTD., HIG-5, PANAMPILLY NAGAR, COCHIN-682 036, REPRESENTED BY ITS DIRECTOR MR.C.C.APPUNJHAN. BY ADV. SRI.PAUL MATHEW (PERUMPILLIL) SRI.P.V.SREENIJIN SMT.K.B.SONY SRI.PRASUN.S SRI.P.K.SURESH KUMAR RESPONDENTS: ------------- 1. RESERVE BANK OF INDIA, MUMBAI, REPRESENTED BY ITS GENERAL MANAGER. 2. INCOME TAX OFFICER-WARD 1 (1), I.S.PRESS ROAD, ERNAKULAM. 3. THE CHIEF MANAGER, THE CATHOLIC SYRIAN BANK LTD., MARKET ROAD BRANCH, ERNAKULAM. BY ADV. SRI.P.JACOB VARGHESE, SC, RBI BY ADV. C.A.JOY, SC FOR CSB BY ADV. GEORGE K.GEORGE, SC FOR IT THIS WRIT PETITION (CIVIL) HAVING COME UP FOR ADMISSION ON 07/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC, J. ------------------------------------------- W.P.(C).No.4192 of 2008 ------------------------------------------- Dated this the 7th day of February, 2008 JUDGMENT Ext.P9 is an application made by the petitioner to the first respondent through the third respondent seeking permission for repatriation of the advance amount. On instructions, the counsel for the third respondent submits that Ext.P9 was received by them and that on 30.1.2008, the same was forwarded to the General Manager, Reserve Bank of India, Foreign Exchange Division, Kochi. 2. I heard the standing counsel appearing for the first respondent also who seeks two months' time to dispose of Ext.P9. 3. Taking into account, the pendency of Ext.P9 and also the submissions made by the standing counsel for the first respondent, I direct that the first respondent shall dispose of Ext.P9 within two months from the date of receipt of a copy of this judgment. Since the order on Ext.P9 will have an impact on the liability of the petitioner and Ext.P7 demand notice against WPC4192/2008 2 which the appeal is filed, I direct coercive action on Ext.P6 and Ext.P7 shall not be initiated against the petitioner pending orders on Ext.P9. This shall be subject to the condition that the petitioner shall, within two weeks from today, furnish adequate security for the amount demanded in Ext.P7 in the form by deposit of title deeds of properties which are unencumbered to the satisfaction of the second respondent. The writ petition is disposed of as above. ANTONY DOMINIC, JUDGE csl