.. 1 .. IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 3095 OF 2008 Jamil Sikandarbhai Shaikh ...Petitioner. Vs. The Special Recovery Officer, Sinnar Nagari Sahakari Pat Sanstha & Ors. ...Respondents. Mr. Haridas, i/by Mr.P.N.Joshi for the Petitioner. Mr. R.M.Patne, AGP, for Respondent Nos. 3 and 6. Mr.Anil Kumar Patil for Respondent Nos. 1 and 2. Mr. Nikhil Sakhardande a/w Shilpa Gaonkar i/by Udwadia & Udeshi for Respondent No.7. CORAM :- ANOOP V. MOHTA, J. DATED :- 21ST MARCH, 2009. P.C. 1. The agreed rate of interest can be re-consider by consent of the Parties. I am inclined to remand this matter before the Divisional Joint Registrar Co-operative Society, Nashik-Division, Nashik, as out of Rs.2,00,000/- balance .. 2 .. amount, the Petitioner is ready to deposit Rs.1,50,000/- and submitting to re-consider 19% rate of interest, from 3rd September 2002 as charged. The concerned authority may re-consider the submissions and pass appropriate order. There is no challenge except the calculation/ rate of interest as charged. 2. The liberty is granted to the parties, in the facts and circumstances of the case if so advised, to settle the matter also. 3. This is on a condition precedent that the Petitioner to deposit this amount of Rs. 1,50,000/- within a period of four weeks with Respondent Nos. 1 and 2, failing which the Petition stands dismissed without reference to the Courts’ order. In the meantime, the Respondent Nos. 1 & 2 will not take any coercive steps. 4. Respondent No. 7-Reserve Bank of India, admittedly has nothing to do with the dispute between the parties, therefore, discharged. 5. The Petition is disposed of accordingly. No cost. (ANOOP V. MOHTA, J.)