AGK AGK AGK IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO.2332 OF 2008 M/s.International Knitting Limited & Others ..Petitioners. V/s. The Union of India & Others ..Respondents. Mr.L.S. Shetty i/by L.S. Shetty & Associates for the Petitioners. Mr.Y.R. Mishta with Mrs.S.V. Bharucha for the Respondents. CORAM : D.K. DESHMUKH & J.P. DEVADHAR, JJ. DATED : 11TH SEPTEMBER, 2008. P.C. : 1. Rule, returnable forthwith. Heard finally by consent of the parties. 2. Parties are agreed that for disposing of the writ petition in following terms, no reasons are necessary to be recorded. i) In case the petitioners furnishes a bank guarantee of any nationalised bank in the amount of Rs.36,00,000/- to the satisfaction of Special Director, Directorate of Enforcement, Government of India, Mittal Towers, Nariman Point, Mumbai and file reply to the two show cause notices both dated 16-5-2002 within a period of four weeks from today, the order impugned in this writ petition will stand set aside. ii) The Special Director, thereafter shall consider the reply submitted by the petitioners to the show causes notices in accordance with law and make a fresh order also in accordance with law within a period of three months from the date of submission of reply. While passing such order, the Special Director shall also make appropriate order in relation to the bank guarantee which the petitioners is to submit pursuant to this order. iii) In case, the petitioners does not furnish bank guarantee and submit reply as directed above within the time specified, this writ petition shall be treated as dismissed without any further reference to the Court. 3. Rule is made absolute accordingly with no order as to costs. D.K. DESHMUKH, J. J.P. DEVADHAR, J.