1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION CIVIL APPLICATION NO. 4982 OF 2008 IN FIRST APPEAL NO.2697 OF 2007 Shri Shivaji Baban Kochale : Applicant. Versus Vithal Manu Shinde : Respondent. Shri Pradip Gole for the Applicant. Shri Mohan M. Dhamal for the Respondent. CORAM : R.M.SAVANT, J. DATED : September 26, 2008 P.C. 1. By the above Civil Application, the Applicant prays for stay to the Judgment and Award dated 24-07-2007 passed by the learned Member, M.A.C.T. Satara in M.A.C.P. No.279 of 2005. The said Award is in the sum of Rs.1,83,345/- with interest at the rate of 7% per annum from the date of filing of the said M.A.C.P. No.279 of 2005. The above First Appeal has been admitted on 28th November 2007. However, as there was no application for stay, this Court did not 2 deem it fit to grant the stay. Thereafter the above Application is filed for stay of the impugned Judgment and Award. 2. The learned counsel Shri.M.S.Dhamal appears for the Respondent – original Claimant and submits that, stay if granted in favour of the Applicant should be on the condition that he should be directed to deposit the entire amount under the Award. 3. Having heard the learned counsel for the parties, the interim relief in terms of prayer clause (a) is granted on the condition that the Applicant deposits the principal amount of the Award i.e Rs.1,83,345/- within eight weeks from date in the Tribunal and furnishes security for the amount of interest that is payable to the satisfaction of the Tribunal. On such deposit, the Respondent/Claimant would be entitled to file an application for withdrawal of the said amount by excluding the statutory deposit of Rs.25,000/- deposited in this Court as per Rules. In the event, the Applicant fails to deposit the said principal amount of Award, as directed by this order, the stay would automatically stand vacated. 3 The Civil Application is accordingly disposed of. [R.M.SAVANT, J]