-: 1 :- IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION APPEAL NO. 142 OF 2010 IN ARBITRATION PETITION (L) NO. 1893 OF 2009 IL&FS Milestone Fund-II ..Petitioner. Versus M. S. Luvish Properties Pvt. Ltd. ..Respondents. Mr. Vivek Katawala with Mr. Ajit Makhaijani and Ms. Geeta Naval i/b M. M. Legal Associates for the petitioner. Mr. D. D. Madan, Sr. Advocate with Mrs. Cynthia Periera i/b Rajani Associates for the respondents. Coram : F.. I. REBELLO & R. V. MORE, J. Date : June 8, 2010. P. C. : 1. After hearing the parties, in our opinion, the impugned order needs to be modified. Impugned order is modified thus : Within the period of two weeks from today the appellant herein will keep the sum of Rs. 2 crores invested by way of fixed deposit in nationalised bank and shall deposit the said F.D.Receipts with the Prothonotary and Senior Master of this Court. The appellant shall keep the F.D.Receipts renewed till the disposal of arbitral proceedings. We make it clear that injunction stands set aside. 2. With these observations, the impugned order stands modified accordingly. (R.V. MORE, J.) (F. I. REBELLO, J.) sachin -: 2 :- IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO. 7631 of 2010 in APPEAL NO. 142 OF 2010 IN ARBITRATION PETITION (L) NO. 1893 OF 2009 IL&FS Milestone Fund-II ..Petitioner. Versus M. S. Luvish Properties Pvt. Ltd. ..Respondents. Mr. Vivek Katawala with Mr. Ajit Makhaijani and Ms. Geeta Naval i/b M. M. Legal Associates for the petitioner. Mr. D. D. Madan, Sr. Advocate with Mrs. C. Periera i/b Rajani Associates for the respondents. Coram : F.. I. REBELLO & R. V. MORE, J. Date : June 8, 2010. P. C. : 1. As the appeal is disposed of, notice of motion has become infructuous and same is disposed of as infructuous. (R.V. MORE, J.) (F. I. REBELLO, J.)