Mohmad Iqbal and Ors. v. Patel Engineering Works and Ors.
Case brief
What is this about?
In Civil Application No. 638 of 2011, the High Court at Bombay allowed applicants to withdraw money deposited by a respondent company. The withdrawal is conditional upon furnishing security other than a bank guarantee, pending the outcome of a pending writ petition regarding industrial dispute compensation and legal dues.
What did the court decide?
Applicants are allowed to withdraw Rs. 1 lakh each and proportionate amount from deposited sums by furnishing security other than bank guarantee.