Subject: Contribution for Court Deposit in Arb Case of M/s Rana Const
The members are aware that the Society filed an appeal in the High Court (Larger Bench) against Arbitration Award and Single Judge Order dated 19 Feb 2007. M/s Rana Construction Company has filed an application for vacation of order granted by the High Court as the Society has not yet deposited the whole amount (Only Rs 19 Lakh have been deposited till now). The Court has ordered (on date 28 May 2008) that Rs 14 Lakh should be deposited within three days and the balance is to be deposited by 14th July 2008 otherwise stay will be automatically vacated.
Members who have not deposited Rs 15,000/- (Refundable / adjustable) are requested to deposit this amount immediately so that the balance amount can be deposited to the High Court otherwise all members will have to face the consequences.
Kindly co-operate.
Sd..xxxx
(YS Mathur)
Secretary
The members are aware that the Society filed an appeal in the High Court (Larger Bench) against Arbitration Award and Single Judge Order dated 19 Feb 2007. M/s Rana Construction Company has filed an application for vacation of order granted by the High Court as the Society has not yet deposited the whole amount (Only Rs 19 Lakh have been deposited till now). The Court has ordered (on date 28 May 2008) that Rs 14 Lakh should be deposited within three days and the balance is to be deposited by 14th July 2008 otherwise stay will be automatically vacated.
Members who have not deposited Rs 15,000/- (Refundable / adjustable) are requested to deposit this amount immediately so that the balance amount can be deposited to the High Court otherwise all members will have to face the consequences.
Kindly co-operate.
Sd..xxxx
(YS Mathur)
Secretary
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