Kamal And Company vs Antwerpse Dimant Bank N.V

The Supreme Court granted leave and disposed of Civil Appeal No.1509 of 2008, allowing the execution of the decree in Summary Suit No.3297 of 1999 to remain stayed pending appeal, contingent upon the appellant depositing Rs.50 lakh with the Prothonotary & Senior Master of the Bombay High Court. The Court permitted the respondent to withdraw the deposited amount upon providing a bank guarantee from a scheduled bank in Bombay, ensuring the guarantee remains effective until the appeal's resolution. This order underscores the court's authority to stay execution pending appeal under civil procedure.