1 nms2052-10.sxw pps IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION Notice of Motion No. 2052 of 2010 . in Suit No. 2443 of 2009 Standard Chartered Bank PLC .. Plaintiffs v/s. Indian Sugar Exim Corporation Ltd. & Ors. ..Defendants Mr.Virag Tulzapurkar i/b. Juris Corporation for the Plaintiffs Mr.Gaurav Joshi i/b/ RMG Law Associates for the Defendant No.1 Ms. Kirtida Chandrana i/b. M. Humranwala for Defendant No.3 and 4 Mr.Ajay Basutkar i/b. V. Law Parters for the Defendant No.6 CORAM : R.Y.GANOO, J. DATED : 11th August , 2010 P.C. : 1. Heard learned Counsel on both sides. Out of various mutual funds, one mutual fund set out in paragraph 5, namely Birla Sunlife Assets Management Company Limited- Defendant No.3 vide Folio No. 1013708995 has matured on 3.8.2010. 2. The Prothonotary & Senior Master to redeem the said mutual fund 2 nms2052-10.sxw and whatever proceeds are received be invested in a nationalised bank initially for a period of one year and deposit be renewed for like period till further orders. It is clarified that redemption of this mutual fund by itself will have no effect on the claim of the plaintiffs as a pledgee on the amount covered by the said mutual fund. Amount deposited in the courts shall not be withdrawn without permission of the court and shall enure to the benefit of the succeeding party. 3. The motion stands disposed of accordingly with liberty to apply for similar order as and when the other mutual funds get ready for redemption. No order as to costs. [R.Y.GANOO, J.]