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LPA/653/2008 2/ 2 ORDER
IN
THE HIGH COURT OF GUJARAT AT AHMEDABAD
LETTERS
PATENT APPEAL No. 653 of 2008
In
SPECIAL
CIVIL APPLICATION No. 22893 of 2007
With
CIVIL
APPLICATION No. 7525 of 2008
In
LETTERS PATENT APPEAL No. 653 of 2008
===============================================
ORACLE
ENGINEER COMPANY PVT LTD & 8 - Appellant(s)
Versus
STATE
OF GUJARAT & 2 - Respondent(s)
===============================================
Appearance
:
MR
VM PANCHOLI for Appellant(s) : 1,
GOVERNMENT PLEADER for
Respondent(s) : 1,
None for Respondent(s) : 2 -
3.
===============================================
CORAM
:
HONOURABLE
THE ACTING CHIEF JUSTICE MR. M.S.SHAH
and
HONOURABLE
MR.JUSTICE D.H.WAGHELA
Date
: 08/07/2008
ORAL
ORDER
(Per
: HONOURABLE THE ACTING CHIEF JUSTICE MR. M.S.SHAH)
Leave
to amend.
Mr.
V.M. Pancholi, learned counsel for the appellant-Company, states that
the appellant-Company is ready and willing to pay Rs.55 lakhs to
respondent no.3-Gujarat State Financial Corporation (G.S.F.C.) and
that the appellant-Company is also ready and willing to deposit Rs.11
lakhs in the Registry of this Court within one week from today.
Mr.
Pancholi submits that the above offer is being made against the price
of Rs.42 lakhs which G.S.F.C. is otherwise going to receive from the
auction-purchaser.
Upon
an undertaking being filed by the Director of the appellant-Company
that a sum of Rs.11 lakhs will be deposited with the Registry by an
account payee demand draft within one week from today and that the
appellant-Company shall also pay the remaining Rs.44 lakhs to
G.S.F.C. within six months from today as per the Government Scheme
dated 12.05.2004, notice to the respondents returnable on 18.07.2008.
Till then, the respondents shall maintain status quo qua the
property in question and shall not handover the possession of the
unit to the auction-purchaser.
Direct
service permitted today.
(M.S.
SHAH, Actg. C.J.)
(D.H. WAGHELA, J.)
[sn
devu] pps
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