-1- W.P. (L.) No. 1887 of 2010 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION (LODGING) NO. 1887 OF 2010 Akar Laminators Ltd. ... Petitioner versus Asset Reconstruction Com. (India) Ltd. And another ... Respondents Mr. R.O. Agarwal with Mr. M.N. Navalani, instructed by Mr. Dineshkumar A. Dubey, for the petitioner. Mr. D.D. Madon, Senior Advocate, with Mr. Cyrus Ardeshir and Mr. Vinod Kothari, instructed by M/s. Apex Law Partners, for the respondents. CORAM: P.B. MAJMUDAR & ANOOP V. MOHTA, JJ. DATE: AUGUST 25, 2010. P.C. After arguing the matter for some time, learned counsel for the petitioner has restricted his argument with a prayer to extend the time of pre- deposit of the amount as ordered by the Appellate Tribunal. Mr. Madon, learned senior counsel appearing for the respondents, states that since the petitioner is withdrawing the petition, it is for this Court to extend the time to deposit the entire amount as ordered by the Appellate Tribunal. 2. Considering the quantum of amount and considering the facts and circumstances of the case, the time to deposit the entire amount as ordered by -2- W.P. (L.) No. 1887 of 2010 the Appellate Tribunal is extended upto 22nd November, 2010. Since the sale is not confirmed till this date, we direct that the same may not be confirmed till 22nd November, 2010. In case the petitioner fails to deposit the amount within the stipulated time, the interim protection given to the petitioner shall stand automatically vacated and it will be open to the respondents to adopt appropriate proceedings for confirmation of sale. If the amount is deposited by 22nd November, 2010, the interim protection granted by the Tribunal shall continue to operate till the hearing of the appeal. After deposit of the entire amount as ordered by the Appellate Tribunal, if any application is made on behalf of the petitioner for expediting the hearing of the Appeal, the Tribunal may consider such application and pass appropriate order as it deems fit. 3. The petition is accordingly disposed of subject to what is stated above. P. B. MAJMUDAR, J. ANOOP V. MOHTA, J.