1 WP-7056/2010 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 7056 OF 2010 M/s. Keyger Consultants Pvt. Ltd. ..Petitioner. Vs. Hongkong & Shanghai Banking Corporation Ltd. & anr. ..Respondents. Mr.N.B.Patil & A.N. Mulla, Advocates for the Petitioner. Dr.Virendra Tulzapurkar, Sr.Advocate with Mr. Nikhil S. and Ms. S. Vedpathak for the Respondent No.1 i/by Maneksha & Sethna for the Respondent No.1. CORAM : A.S.OKA, J. DATE : 1st October, 2010. P.C. :- 1 Heard the learned counsel appearing for the petitioner and the learned counsel appearing for the first respondent. The learned counsel appearing for the petitioner, on instructions, states that the petitioner does not desire to prosecute the petition on merits. The learned counsel states that the petitioner may be granted time of atleast two years to vacate the suit premises subject to filing an usual undertaking to vacate the suit premises. Undertaking affirmed by the Managing Director of the petitioner is placed on record which is marked as “X” for identification. 2 The learned counsel appearing for the first 2 WP-7056/2010 respondent opposed the prayer for grant of time of two years to vacate the premises. 3 The petitioner has made a statement that the petition is not being pressed on merits. Therefore, the impugned Judgments and Orders will attained finality. The resolution of the Board of Directors of the petitioner which is annexed to the undertaking shows that the petitioner has agreed to surrender the possession of the suit premises to the first respondent in terms of the impugned order. If this writ petition was to remain pending in this court for final hearing, considering the pendency of old matters, the same may not have reached for atleast few years. The petitioner is in possession of the suit premises for a long time. Considering the aforesaid facts, time to vacate the suit premises deserves to be granted. Hence, order. ORDER a) Petition is dismissed as not pressed. b) Undertaking of the petitioner which is marked as “X” is on record and is accepted. In view of the undertaking, the petitioner shall not be dispossessed on the basis of the impugned Judgment and Order till 30th September, 2012. There is no order as to costs. Judge