IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH, NAGPUR Civil Application (W) No.1390/2010 in Writ Petition No.4994 of 2008 G.T. N. Industries Ltd. ..vs.. Zilla Parishad, Nagpur and others. Office Notes, Office Memoranda of Coram, Appearances, Courts orders or directions Court’s or Judge’s orders and Registrar’s orders. Shri V.A.Dhabe, for applicant/R.No.4. Shri K.H.Deshpande, Senior Advocate for non applicant/petitioner. Shri Kankale, AGP for R.No.3-State. CORAM : S. A. BOBDE and P. D. KODE, JJ. DATED : JUNE 18, 2010. We had heard parties while passing the order dated 5th April, 2010 in C. A.(W) No.831/2010 and directed that the Gram Panchayat be permitted to withdraw the amount for its use only upon furnishing Bank Guarantee of a nationalised bank since the entitlement of Gram Panchayat to the said amount is seriously disputed by the petitioner. At that stage no grievance was made regarding furnishing of the Bank Guarantee. However, now by this application, the prayer is made to modify the order so that the Gram Panchayat can withdraw the amount without furnishing any Bank Guarantee. Having regard to the financial condition of the Gram Panchayat, we do not consider it proper to permit Gram Panchayat to withdraw the amount deposited by the petitioner without furnishing Bank Guarantee for its use or invest the said amount in a Nationalised Bank and use the interest thereon. Hence, we are of the view that the amount deposited by the petitioner be invested in Fixed Deposit Receipt(FDR) of a nationalised bank. The Registrar is directed to invest the amount deposited by the petitioner in Fixed Deposit Receipt of a nationalised bank until further orders. The application stands disposed of in the aforesaid terms. The parties are at liberty to apply for hearing. JUDGE JUDGE Andurkar.