1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.143/2010 IN WRIT PETITION NO. 288/2004 Khandwala (SRA) Co-op. Hsg.Soc.Ltd. Petitioners Vs. The Slum Rehabilitation Authority & Ors. Respondents Mr.S.K.Chourasia for petitioners Mr.G.D.Utangale i/b Utangale & Co.for Res.1 Mr.Milind More,AGP for Res.4 CORAM: F.I.REBELLO AND MRS.MRIDULA BHATKAR, JJ. DATE : 15TH APRIL,2010 P.C. . This Notice of Motion has been taken out in view of the liberty granted by order dated 13/1/2010 in Writ Petition No. 2230/2008. 2] The issue pertains to the interest on the amount of deposit by the developer for the purpose 2 of paying the various dues which have to be paid in terms of paragraph 5 of the circular dated 20/10/1998 . 3] We find that on 23/7/2003 a sum of Rs. 1,30,96,950/- was deposited with the S.R.A.by the developer and earlier a sum of Rs.2,43,050 were deposited. 4] By order dated 21/6/2004 while disposing of the petition we had directed, in so far as the amount lying with the respondent no.1 , the respondent no.1 was directed to open an account in terms of the circular in force. It was to be completed within a period of four weeks from the date of the order. It appears that this direction has been complied only in the year 2008. 5] After hearing the parties in our opinion this motion can be disposed of by issuing the following directions. 3 i] The interest would be payable from the date the amounts were deposited with the S.R.A. ii] The interest would be available for payment of the bills in terms of paragraph 5 of the circular dated 20/10/1998 . iii] The petitioners to submit the bills to S.R.A.within four weeks from today. iv] The S.R.A.then from the interest accrued to pay the amount to the extent the interest is available . v] In so far as the balance amount is concerned ,it will be the duty of the petitioners to pay the amount. vi] The SRA to make the payment not later than 30 days from the receipt of the bills from the petitioners. vii] The amount be paid directly to the 4 authorities who have raised the bills. The motion is disposed of accordingly. (MRS.MRIDULA BHATKAR,J.) (F.I.REBELLO,J.)