rns2 Nov 2018 17:45
Consequently, while allowing the
present application, by way of interim measure,
the default notice dated 29.05.2018 and letter
dated 29.07.2018 issued by respondent no.1 are
stayed on condition that the applicant shall
deposit a sum of Rs.8.25 crores before this
Court in the name Registrar of the High Court
latest by 15.11.2015 and the said amount shall
be invested in a FDR with cumulative effect till
the arbitral proceedings are over and shall
further give bank guarantee for Rs.21.75 crores
of a nationalised bank in the name of Registrar
of High Court of Gujarat latest by 15.11.2015
valid till arbitration proceedings are over,
which will cover the whole amount claimed in
default notice. The deposit as well as the bank
guarantee shall be subject to final outcome of
the arbitral proceedings.
2015???? how can they make such mistake