1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION MISC. PETITION NO. 21 OF 2009 Alok Indrakumar Khandelwal .. Petitioner WITH MISC. PETITION NO. 22 OF 2009 Amit Sureshkumar Khandelwal .. Petitioner Mr. Ajay Samant a/w Mr. Amit Gor and Mr. Piyush Shah for the petitioners CORAM:- SHRI V. M. KANADE, J. DATED : 27 th January, 2010 P. C. 1. Heard learned counsel appearing on behalf of the petitioners. 2. The affidavit filed by the petitioner in MP 22/2009 dated 21.1.2010 is taken on record. Pursuant to the notice given by this Court under Section 31 Sub clause (4), of the Guardians and Wards 2 Act, 1890, grand parents of both minors are present in the Court today. They have filed their respective affidavit dated 27 th January, 2010. In the affidavit, both of them have stated that they have no objection if the offer given by M/s Imperial Land Projects Pvt. Ltd. is accepted. They have further stated that the interest of the minor children as well as entire family will be protected if plot of land is redeveloped. They have also stated the directors of the said developer have good reputation for completing the project in time. Both of them have also stated that alongwith them, their sons and nephew have been involved in the negotiations with M/s Imperial Land projects Pvt. Ltd. 3. Taking into consideration the affidavits filed by the father and grand parents of the minors, having heard learned counsel appearing on behalf of the petitioners and after having gone through the petitions and annexures thereto, I am satisfied that the development of the property is necessary and is in the best interest of the minors and there is legal necessity for development of the said property. The petitions are accordingly allowed in terms of prayer clauses (a) to (d). 3 4. So far as the amount which has been received by the two minors namely Saachi who is 14 years of age and Abhimanyu who is 17 years old, is concerned, out of the amount paid, 25% amount shall be deposited in the nationalized Bank initially for a period of three years in respect of Saachi and 50% in respect of Master Abhimanyu for a period of one year. The balance amount shall be kept in the joint account of petitioners, minors and their respective grandparents. 5. Both the petitions are accordingly disposed of. (V. M. KANADE, J.) jpc/