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TMI Blog2015 (8) TMI 1590X X X X Extracts X X X X X X X X Extracts X X X X ..... e Respondent(s): Mr. Subramonium Prasad, Sr. Adv., Mr. Vinay Navare, Adv., Ms. Abha R. Sharma, Adv., Mr. R. Gopalakrishnan, Adv. and Mr. Jagjit Singh Chhabra, Adv. JUDGMENT SHIVA KIRTI SINGH, J. Civil Appeal No.5471 of 2005 1. Heard the parties. The appellant is a notified party under Section 3(2) of the Special Courts (Trial of Offences relating to Transactions in Securities) Act, 1992 (herei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s it was the highest offer which could be obtained for surrender of the tenancy rights of the appellant. Under the orders of the Special Court respondent no.2 has deposited Rs. 10 Lacs with a stipulation that he will not claim any interest over the said deposit and shall deposit the balance amount of Rs. 65 Lacs whenever required to do so. 2. By the impugned order dated 21.07.2005 the Special Cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pondent no.2 disclosed that for valid reasons, the tenancy is not protected under the relevant rent law and hence no person was likely to offer a better price. But as a goodwill gesture, on instructions of Mr. Ajit Jhaveri, Director of respondent no.2-Reshma Estates Pvt. Ltd. (the landlord) who is present in Court today, he has submitted in writing that the respondent no.2 shall not only deposit t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pondent no.2 to deposit within eight weeks from today the earlier balance amount of Rs. 65 Lacs along with additional amount of Rs. 13,92,000/-. In other words respondent no.2 in order to get the benefit of the impugned order shall now make in total a deposit of Rs. 78,92,000/- (Rupees Seventy Eight Lac Ninety Two Thousand) within eight weeks and shall not claim interest accrued on the amount of R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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