M/S Venkatesh Chemi-Colour Co.& Ors vs Hatim Suterwalla & Ors

The Supreme Court allowed the appeals in Civil Appeal No.7365 of 2008 and Civil Appeal No.7366 of 2008, setting aside the decree in Summary Suit No.1721 of 2001. The court held that the defendants could contest the suit upon depositing Rupees seventy two lakhs with the Prothonotary and Senior Master of the Bombay High Court within four weeks. The court emphasized that failure to deposit the amount would result in the order being recalled and the appeals dismissed.