*1* nms.1327.10.s.3187.09.906 kps IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.1327 OF 2010 WITH NOTICE OF MOTION NO.6 OF 2010 IN SUIT NO.3187 OF 2009 Financial Planning Standards Board India. ..Plaintiff -Versus- Regus Suburban Centre Ltd. and another. ..Defendants .......... Mr.Chetan Rathatha i/b I.C.Legal, for the Plaintiff. Mr.Amit Jamsandekar a/w Mr.Vishal S. Lohire i/b Ajit Anekar, for the Defendant No.1. .......... CORAM : S.C.DHARMADHIKARI, J. DATE : 22nd December, 2010. P.C. 1 The only modification that is sought to the order dated 30.11.2010 passed while disposing of the Notice of Motion is that on the bank guarantee being furnished the Defendant No.1 would withdraw the sum of Rs.11 lacs with accrued interest and that bank guarantee shall be kept alive initially for a period of 10 years and thereafter, to abide by the orders to renew the same. 2 The learned counsel appearing for the Plaintiff has opposed this request. However, after hearing both sides, I am of the view that the request made by the Defendants on a praecipe is reasonable and the order dated 30.11.2010 stands modified to the extent that the Bank guarantee which would be furnished by the Defendant No.1 is a condition precedent, on furnishing of which the amount will be allowed to be withdrawn by the *2* nms.1327.10.s.3187.09.906 Defendant No.1 and that Bank guarantee shall be kept alive initially for a period of 10 years and thereafter, to abide by the orders to renew the same. 3 The Bank guarantee is kept ready by the Defendant No.1 but there are certain suggestions suggested by the Registry and the process for finalization of the Bank guarantee is in progress, therefore, the same may be accepted by 10.01.2011. (S.C. Dharmadhikari, J)