IN THE HIGH COURT OF BOMBAY AT GOA CIVIL APPLICATION NO. 147 OF 2010 IN FIRST APPEAL NO. 207 OF 2008 THE STATE OF GOA THROUGH CHIEF SECRETARY AND ANR., ... Applicants Versus INOX LEISURE LIMITED THROUGH ASST MANAGER (LEGAL) AMIT KARLE ... Respondent Shri A.A. Kamat, Additional Government Advocate for the Applicants. Shri V. B. Nadkarni, Senior Advocate with Mr. Y.V. Nadkarni, Advocate for the Respondent. Coram:- D. G. KARNIK & F. M. REIS, JJ. Date:- 25th August, 2010 P.C. Heard the learned Counsel appearing for the parties. The application is for the stay of execution of the decree dated 30th April, 2008 passed in Civil Suit No. 57/2007 by the Ad-hoc District Judge-1, FTC, Panaji, which is the subject matter of the challenge in the First Appeal. 2. This being a money decree, we are not inclined to grant unconditional stay. However, taking into consideration the fact that the decree has been passed for refund of the taxes which has been collected by the State, we are inclined to grant unconditional stay for the execution of the decree. We are, accordingly, direct the stay of execution of the decree dated 30th April, 2008 passed in Civil Suit No. 57/2007 by the Ad-hoc District Judge-1, FTC, Panaji, subject to the State depositing in this Court a sum of Rs.4,48,00,000/- within eight weeks. The deposited amount shall be invested in the State Bank of India or any other Nationalised bank initially for a period of 13 months to be renewed from time to time unless directed otherwise. 3. Civil Application is accordingly disposed of. D. G. KARNIK, J. F. M. REIS, J. at*