1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDNARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.323/2009 Jankalyan Sahakari Bank Ltd.& Anr. Petitioners Versus Union of India & ors. Respondents Mr.Birendra Saraf with Ashish Kamath and Nikhil Rajani for the petitioners Mr.Suresh Kumar for the respondents CORAM: SMT. RANJANA DESAI & MRS. MRIDULA BHATKAR, JJ. DATED : 18th November, 2009 P. C. . We have heard learned counsel for the petitioners at some length. Learned counsel for the petitioners states that the petitioners are not disputing the liability to pay the amount to respondent 2 , however, respondent 2 may be directed to hear the petitioners on quantum. Learned counsel states that the petitioners will address a representation to the second respondent within a period of three weeks from today. In the circumstances the petition can be disposed of by passing the following order. 2 2] If the petitioners address a representation to the second respondent restricting it only to the quantum of the amount payable to the second respondent, the second respondent shall give them a hearing and pass a reasoned order within a period of four weeks from the date on which hearing is given to the petitioners and communicate the result to the petitioner. 3] We are informed that there is an interim arrangement between the parties about keeping the amount in a demarcated account. That arrangement shall continue till the second respondent passes order on the application filed by the petitioners and for a period of four weeks after the order is communicated to the petitioners . 4] Needless to say that for the aforesaid period no coercive steps should be taken against the petitioners. The petition is disposed of. ( SMT.RANJANA DESAI, J.) ( MRS.MRIDULA BHATKAR, J.) 3 S.