Supreme Court of India · 1996-10-23
NATIONAL TEXTILE CORPN. vs SWADESHI COTTON MILLS CO LTD
- Citation / case number
- SC 1996/78486
- Court
- Supreme Court of India
- Petitioner
- NATIONAL TEXTILE CORPN.
- Respondent
- SWADESHI COTTON MILLS CO LTD
- Author
- G.B. PATTANAIK K. RAMASWAMY
- Bench
- G.B. PATTANAIK K. RAMASWAMY
Judgment text excerpt
The Supreme Court clarified that the monthly deposit of Rs. 25,000 directed by its orders dated July 13, 1987, and July 12, 1988, was not intended as rent but to be adjusted according to the final order in the pending civil suit. The Court upheld the Allahabad High Court's directive allowing the respondent to withdraw the deposited amount upon furnishing a bank guarantee, ensuring that such withdrawal is subject to the outcome of the appeal and the civil court's final decision. The appeals were disposed of without costs.