IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE P.R.RAMAN & THE HONOURABLE MR. JUSTICE P.BHAVADASAN THURSDAY, THE 28TH MAY 2009 / 7TH JYAISHTA 1931 DBA.No. 54 of 2009() ---------------------------------- (IN THE MATTER OF COCHIN DEVASWOM BOARD TO GRANT PERMISSION IN THE GOLD BOND SCHEME) PETITIONER: --------------------- SECRETARY, COCHIN DEVASWOM BOARD, THRISSUR. BY ADV.MR.K.GOPALAKRISHNA KURUP RESPONDENT(S): --------------------------- 1. DEPUTY DIRECTOR, LOCAL FUND (COCHIN DEVASWOM) AUDIT, THRISSUR. 2. CHIEF MANAGER, STATE BANK OF INDIA, THRISSUR. BY GOVERNMENT PLEADER MR.R. LAKSHMI NARAYAN THIS DEVASWOM BOARD APPLICATION HAVING BEEN FINALLY HEARD ON 28/05/2009, THE COURT ON THE SAME DAY PASSED THE FOLLOWING: Kss P.R.RAMAN & P.BHAVADASAN, JJ. -------------------------------------------------------- DBA NO.54 OF 2009 -------------------------------------------------------- Dated 28th May 2009 Judgment RAMAN, J. This is an application filed by the Cochin Devaswom Board seeking permission to deposit 14 kgs. of assayed gold and 23 kgs. of gold ornaments in scrap form from the stock of the board in the Gold Bond Scheme introduced by the State Bank of India, the second respondent herein. The application is supported by an affidavit filed by the Secretary of the Cochin Devaswom Board. It is averred that the necessities in various temples were made from out of the stock of gold. There is a quantity of 14 kgs. of assayed gold and 23 kgs. of gold ornaments now available in the stock, which may not be immediately necessary for being used for any other purpose. Instead of keeping the gold in idle, they propose to deposit the same in the above mentioned scheme of the State Bank of India. On a previous occasion also, this has been done after getting approval from this court. Annexure A-II is the order in the previous proceedings. DBA 54/09 2 Annexure A-I produced along with the DBA is a similar scheme of the State Bank of India. 2. In the absence of any objection and after hearing all concerned, the permission sought for is granted. However, there will be a further direction to the Board to keep an account of the gold ornaments received from each temple and inventory of the jewellery given to the bank under the scheme shall be prepared. The deposit shall be made for a period of five years and under the supervision of the Secretary of the Cochin Devaswom Board. The DBA is allowed as above. P.R.RAMAN, JUDGE P.BHAVADASAN, JUDGE sta DBA 54/09 3 DBA 54/09 4