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CA/1849/2011 1/ 1 ORDER
IN
THE HIGH COURT OF GUJARAT AT AHMEDABAD
CIVIL
APPLICATION - FOR STAY No. 1849 of 2011
In
FIRST
APPEAL No. 393 of 2011
=========================================================
NEW
INDIA ASSURANCE CO LTD - Petitioner(s)
Versus
RAMESHBHAI
GHELABHAI SOLANKI & 2 - Respondent(s)
=========================================================
Appearance
:
MR
GC MAZMUDAR for
Petitioner(s) : 1,MR HG MAZMUDAR for Petitioner(s) : 1,
RULE
SERVED for Respondent(s) : 1 -
3.
=========================================================
CORAM
:
HONOURABLE
MR.JUSTICE KS JHAVERI
Date
: 05/04/2011
ORAL
ORDER
Heard.
Ad-interim relief granted earlier is confirmed. The original
claimants shall be at liberty to withdraw 30% of the deposited
amount subject to the result of the first appeal. The remaining 70%
amount shall be invested by the Tribunal in the name of Registry
of the Tribunal by way of a fixed deposit with a nationalised
bank initially for a period of three years and on maturity shall
be renewed by one year at a time without any further orders in
this regard till the disposal of the appeal. The interest
accruing on the said deposit shall be paid to the original claimants
quarterly. The Fixed Deposit Receipt shall be retained by the
Tribunal. Civil Application is allowed accordingly. Rule is made
absolute accordingly with no order as to costs.
(K.S. JHAVERI, J.)
Divya//
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