Hongkong & Shanghai Banking Corpn. Ltd vs. Canbank Financial Services Ltd.

C.A.No. 5281 OF 2004 ITEM No.19 Court No. 4 SECTION IX S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Civil Appeal No.5281/2004( For Preliminary Hearing ) HONGKONG & SHANGHAI BANKING CORPN. LTD. Appellant (s) VERSUS CANBANK FINANCIAL SERVICES LTD. & ANR. Respondent (s) Date : 30/08/2004 This Petition was called on for hearing today. CORAM : HON'BLE MRS. JUSTICE RUMA PAL HON'BLE MR. JUSTICE C.K. THAKKER For Appellant (s) Mr.FS Nariman,Sr.Adv. Mr.Ashok Desai,Sr.Adv. Mr.Arun Jaitley,Sr.Adv. Mr.snehal Shah,Adv. Mr.Kaiwan Kalyaniwala,Adv. Ms.Ruby Sethna,Adv. Mr.RN Karanjawala,Adv. Ms.Nandini Gore,Adv. Mr.Bharat Singh,Adv. Ms.Niharika,Adv. Mrs Manik Karanjawala,Adv. For Respondent (s) Mr.H.N. Salve,Sr.Adv. Ms.Sunita Dutt,Adv. Mr.S.Thananjayan,Adv. UPON hearing counsel the Court made the following O R D E R The appeal is admitted. Subject to the appellant's depositing the entire decretal amount withi

n a period of two weeks from date with the Registry of this Court, there will be stay of exec ution of the decree. In default of such deposit within the time specified, the stay will stan d vacated. For a period of two weeks there will be an unconditional stay. In the event, the :2:

deposit is so made, the Registry shall deposit the same in Canara Bank, Delhi branch in a fix ed deposit account and hold the fixed deposit receipt subject to further orders of this Court. The fixed deposit should be kept renewed pending further orders of this Court.

p