IN THE HIGH COURT OF BOMBAY AT GOA MISC.CIVIL APPLICATION NO. 400 OF 2009 IN FIRST APPEAL NO. 248 OF 2008 DEMPO PROPERTIES AND INVESTMENTS PVT LTD ... Applicant Versus THE PRESIDENT COMMUNIDADE OF MORMUGAO ... Respondent Ms. R. Kamath, Advocate for the applicant. Mr. J.P. Mulgaonkar, Advocate for the respondent. Coram:- B. P. DHARMADHIKARI & U. D. SALVI, JJ. Date:- 5th May, 2009 P.C. Respondent has pointed out that because of acceptance of the bank guarantee the respondent may be prejudiced if ultimately the appeal is dismissed as the interest amount may be required to be recovered by following cumbersome procedure. Advocate Mr. Mulgaonkar for respondent has stated that the applicant as also the respondent were heard and thereafter the order has been passed. He further stated that applicant being a public body, bank guarantee is accepted and the order passed need not be modified. After hearing the parties, we find interest of justice can be met by directing applicant to furnish additional bank guarantee for the amount of interest accruing every year by end of February each year during the pendency of the appeal. Time till 31.7.2009 is given to appellant to furnish bank guarantee for interest which accrued upto 31.12.2008. The bank guarantee for interest accruing thereafter shall be furnished by 20th February of next year i.e. for period of 1.1.2009 to 31.12.2009 it shall be furnished by 20.2.2010 and so on. 2. The application is accordingly allowed in above terms and disposed of. B. P. DHARMADHIKARI, J. U. D. SALVI, J. *am/-