and Company Vs. Antwerpse Dimant Bank N.V  Insc 261 (22 February 2008)
Naolekar & Lokeshwar Singh Panta
O R D
E R CIVIL APPEAL NO.1509 OF 2008 [ARISING OUT OF SLP (CIVIL) NO.18446 OF 2006]
Heard learned counsel for the parties.
During the pendency of the appeal before the High Court, the execution of the
decree passed by the learned Single Judge in Summary Suit No.3297 of 1999 shall
remain stayed provided the appellant deposits Rs.50 lac with the Prothonotary
& Senior Master of the Bombay High
Court. It is submitted by learned senior counsel for the appellant that the
amount has already been deposited. The respondent shall be at liberty to
withdraw the said amount on furnishing bank guarantee of a scheduled bank situated
at Bombay, which shall remain operative till
the disposal of the appeal before the Division Bench of the High Court.
appeal stands disposed of accordingly.