A one-line order disposing of a civil application seeking modification of a prior order to allow withdrawal of 25% deposit via bank guarantee instead of solvent surety.
Applicants permitted to withdraw 25% amount by furnishing bank guarantee for the like amount.
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ca174715.odt
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IN THE HIGH COURT OF JUDICATURE OF BOMBAY BENCH AT AURANGABAD CIVIL APPLICATION NO.1747 OF 2015 IN FIRST APPEAL ST.NO.5850 of 2014
Chandar s/o Bapu Kotwad, died, through L.Rs.
Applicants
Versus
The Maharashtra Industrial Development Corporation & others
Respondents
Mr.A.N.Irpatgire, advocate for applicants. Mr.T.B.Bhosale, advocate for Respondent No.1. Mr.G.R.Ingole, A.G.P. for Respondents No.2 & 3.
CORAM : R.M.BORDE &
P.R.BORA, JJ. DATE : 06th February, 2015
PER COURT:
The applicant is seeking modification of the order dated 26.09.2014 passed by this Court permitting withdrawal of amount to the extent of 25% on furnishing solvent surety. The applicants state that they are not in a position to furnishing solvent surety and as such they may be permitted to furnish bank guarantee for the like amount.
The order dated 26.09.2014 is modified to the extent that applicants shall be permitted to withdraw 25% amount out of total amount deposited by the Respondents on furnishing bank guarantee for the like amount.
Civil Application stands disposed of.
P.R.BORA R.M.BORDE JUDGE JUDGE
adb/ca174715
2 issues framed by the court
Whether the order permitting withdrawal of 25% deposit by furnishing solvent surety may be modified to allow bank guarantee.
Relief sought by applicants in Civil Application No. 1747 of 2015.
Chandar s/o Bapu Kotwad, died, through L.Rs.
The Maharashtra Industrial Development Corporation
R.M. Borde
P.R. Bora
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
