IN THE HIGH COURT OF BOMBAY AT GOA CIVIL APPLICATION NO. 24 OF 2010 IN APPEAL UNDER ARBITRATION ACT NO. 3 OF 2010 STATE OF GOA THROUGH EX. ENGINEER P.W.D. ROADS NORTH PANAJI ... Applicant Versus M/S. GAMMON INDIA LTD ... Respondent Mr. S.S. Kantak, Advocate General with Mr. Abhijeet Kamat,Addl. Government Advocate for the Applicant. Mr. Mahesh S. Sonak, Advocate for the Respondent. Coram:- S. J. VAZIFDAR & U. D. SALVI, JJ. Date:- 23rd March, 2010 P.C. We have today admitted the Appeals. The Respondent had withdrawn the amounts deposited by the Applicant/Appellant in the Trial Court upon furnishing a bank guarantee. Pending the hearing and final disposal of the Appeals and for a period of 12 weeks thereafter the Respondent shall keep the bank guarantee alive or furnish a fresh bank guarantee from time to time. 2. The Respondent shall also bring back the money if so directed at the final hearing with interest at such rate as may be fixed by the Court. The Respondent shall furnish an undertaking to this effect on or before 30th June, 2010 failing which the Respondent is ordered and directed to deposit the entire amount in this Court. In that event the office to invest the amount in fixed deposit of a Nationalised Bank initially for a period of one year and thereafter for like periods of one year each. 3. The Civil Application is accordingly disposed of. S. J. VAZIFDAR, J. U. D. SALVI, J. at*