2024 (1) TMI 1122

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..... at the Fixed Deposits submitted by the respondent have been encashed by the appellant and the entire amount covered by the Fixed Deposits has been invested by the appellant in a Fixed Deposit. The impugned interim order is modified by directing that the Bank Guarantees furnished by the respondent be returned to the respondent. We direct that the appellant will continue to renew the Fixed Deposit t .....

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..... AOR ORDER 1. Heard the learned Additional Solicitor General appearing for the appellant and the learned senior counsel appearing for the respondent. 2. The challenge in this appeal is to an interim order passed by the High Court pending an appeal preferred by the appellant. The relevant part of the impugned order reads thus: In view of above facts and circumstances, I.A. No. 1 of 2021 is allowed .....

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..... fails in the appeal which is pending before the High Court, the respondent will be entitled to interest accrued on the Fixed Deposit amount. 5. The learned Additional Solicitor General appearing for the appellant assures the Court that till the disposal of the appeal, the appellant will continue to renew the Fixed Deposit. 6. We, therefore, modify the impugned interim order by directing that the .....

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