Rastriya Ispat Nigam Limited Visakhapatnam Steel Plant vs. Indo Engineering Works

Court:High Court of Andhra Pradesh

Judge:Hon'ble D.V.S.S.Somayajulu

Case Status:Unknown Status

Order Date:15 Nov 2022

CNR:APHC010501092022

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HIGH COURT OF ANDHRA PRADESH :: AMARAVATI

Sl.	DATE	ORDER	OFFICE
No.			NOTE
04.	15.11.2022	MGR,<br>J<br>& SV, J
		I.A.No.2 of 2022
		This petition is filed by the petitioner
		to withdraw the amount deposited before
		learned<br>Special<br>Judge<br>for<br>Trial<br>and
		Disposal<br>of<br>Commercial<br>Disputes,
		Visakhapatnam in C.A.O.P.No.12 of 2019.
		The<br>1st<br>respondent/appellant<br>filed
		counter-affidavit opposing the same.
		Heard Sri Ghanta Rama Rao, learned
		Senior Counsel representing Ramachandra
		Rao<br>Gurram,<br>learned<br>counsel<br>for<br>the
		petitioner<br>and<br>Sri<br>W.B.Srinivas,<br>learned
		Senior<br>Counsel<br>representing<br>Sri
		V.Subrahmanyam, learned counsel for the
		1st respondent/appellant.
		Having<br>regard<br>to<br>the<br>facts<br>and
		circumstances,<br>submissions<br>of<br>learned
		counsel<br>and on perusal of the record, the
		interim order granted earlier on 28.09.2022
		is modified permitting the petitioner to
		Contd….

15.11.2022	….contd….
	withdraw<br>Rs.85,00,000/-<br>out<br>of<br>the
	amount<br>deposited<br>by<br>the<br>1st
	respondent/appellant<br>before<br>the<br>Court
	below on furnishing equivalent value of
	immovable<br>property<br>as<br>security<br>to<br>the
	satisfaction of the learned Special Judge for
	Trial and Disposal of Commercial Disputes,
	Visakhapatnam.
	Accordingly, this petition is ordered.
	C.O.M.C.A.No.9 of 2022
	List on 30.01.2023.

	_________<br>MGR,<br>J


	________
	SV, J<br>Pab