1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. Misc.Petition No.11 of 2008 Nandakumar Hiraji Mhatre. ... Petitioner Mr.S.V. Masurkar for Petitioner. ----- CORAM : SMT.ROSHAN DALVI, J. Dated : 9th July, 2008 P.C. : 1.The Petitioner is the natural guardian of two minor children and desires to sell the property in which he, his family members including the two minor children have shares. The family members, who have attained majority, have signed the Agreement for sale dated 31.12.2007. The said Agreement is registered. Xerox copy of the said Agreement along with the registration certificate is produced. The agreement itself shows that the consideration, which would be received by the other members of the family, is adequate consideration for the sale of their property. The shares of the minors on the same consideration will then be protected. 2.The Petitioner has applied for executing the conveyance on behalf of the minors in terms of the Agreement dated 31.12.2007. The Petitioner is given permission to execute 2 the conveyance in terms of the aforesaid Agreement. The minors' shares in the consideration shall be handed over by a Demand Draft to the Accounts Officer of this Court by the purchaser of the property directly. The Accounts Officer shall invest the respective shares of the two minor children in two separate Fixed Deposit Receipts (FDRs) in any Nationalized Bank taken by the Accounts officer in the names of the two children. 3.The quarterly interest that would accrue on the FDRs shall be handed over by the Accounts Officer to the Petitioner for the maintenance of the minor children. The FDRs shall continue to be held by the Accounts Officer until the children attain majority. 4.The Petition is disposed of accordingly. [SMT.ROSHAN DALVI, J.]