-: 1 :- HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER’S REPORT NO. 36 OF 2010 IN SUIT NO. 3748 OF 2000 Rupali Shah and Anr. ..Plaintiffs. Versus Munesh Ralhan @ Ricky Ralhan & others. ..Defendants. Mr. K. L. Vyas, Court Receiver. Mr. Girish Thakar i/b Vernekar & Co., for defendant no.2. Gayatri Sharma i/b S. K. Srivastava & co., for defendant no.1. Mr. Sunil Gangan i/b Desai &Diwanji for the plaintiffs. Mr. Ashok Sarogi for the Agent – Zee Entertainment Ltd. Coram : R. V. MORE, J. Date : March 2, 2010. P. C. : 1. Heard learned counsel for the plaintiff, defendant no.2 and Mr. A. M. Sarogi, learned counsel for Zee Entertainment Ltd. Pursuant to the order dated 14th December 2009 passed on Court Receiver’s Report No. 286 of 2009, the Court Receiver has invited fresh bids by giving advertisements in Times of India and Loksatta from the interested parties for being appointed as an agent in respect of the suit premises. In response to this advertisement, three offerers, namely, M/s. Sadhan Office Business Center, M/s. Global Energy and Zee Entertainment limited have submitted their offers to the Court Receiver to the tune of Rs. 2,11,000/-, Rs.1,00,000/- and 6,00,000/- per month respectively. An offer of Zee Entertainment Limited is highest one. The report of the Panel Valuer, AT&T Associates discloses that the market rate of royalty of the suit premises is between 4 lacs to 7.20 lacs per month. Learned counsel -: 2 :- for the plaintiff and defendant no.2 have also submitted that the offer of Zee Entertainment Limited is reasonable one. In these facts and circumstances, following order is passed :- -: O R D E R :- (1)The Court Receiver is directed to accept the offer of Zee Entertainment Limited of payment of royalty to the tune of Rs.6 lacs (after deducting TDS) per month for grant of agency in respect of the suit premises. (2)Zee Entertainment Limited is directed to execute the agency agreement with the Court Receiver within the period of four weeks from today for the period of 22 months with effect from 1st April 2010. (3)Zee Entertainment Limited is further directed to deposit three months’ royalty with the Court Receiver in advance. (4)Needless to mention that the earlier deposit of royalty, if any, made by Zee Entertainment Limited be adjusted against the payment of royalty to be made. (5)Apart from usual terms and conditions, the provision shall be made in the agency agreement that both the Court Receiver as well as the agent of Court Receiver are entitle to terminate the agency agreement by giving three months’ advance notice to other side. (6)The Court Receiver is awarded cost of this application, which is quantified at Rs.2,000/- and the same shall be paid ffrom the suit account. (R.V. MORE, J.)