1 MNM IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE WRIT PETITION NO.526 OF 2010 Shriram Tyre Works Pvt. Ltd. & Ors. ...Petitioners Vs. Dr. Annasaheb Chougule Urban Co-op. Bank Ltd. & Ors. ...Respondents Mr. Amit Borkar, Advocate for the Petitioners Mr. Sameer S. Tambekar for Respondents 1 and 2 Ms. P. S. Cardozo, A.G.P for Respondent No.3 CORAM : SMT. ROSHAN DALVI, J. DATED : 10TH MARCH, 2010 P.C. : 1. Rule. Rule made returnable forthwith. 2. It is an admitted position that the Petitioner has deposited more than 50% of the total dues recoverable under the Recovery Certificate dated 3rd July 2008, when the Revision Application was filed by the Petitioners on 20th February 2009. In fact the Bank filed its reply on 16th March 2009. The amount of the dues recoverable would be until February 2009. The Recovery Certificate of July 2008 is for Rs.4,05,357.40. The total amount deposited by the Petitioner is Rs.2,60,000/-. That would form 50% of Rs. 2 5,20,000/-. The amount with interest would not exceed Rs.2,60,000/-. Hence the Advocate on behalf of the Respondent No.1 Bank concedes that 50% of the amount is deposited by the Petitioner. 3. Consequently, the Revision Application No.109/2009 of the Petitioner shall have to be heard on merits by the Divisional Joint Registrar, Co-operative Societies, Kolhapur Division, Kolhapur. Therefore, the Writ Petition is allowed. 4. Rule made absolute. (SMT. ROSHAN DALVI, J.)