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2002 (1) TMI 10 - BOMBAY HIGH COURTRetention of Seized Assets - Whether the court was justified in issuing direction to respondent No. 5 to examine and scrutinise the genuineness of the FDR seized during search and seizure, alleged to be belonging to the petitioners? -we are satisfied that the direction needs to be issued to respondent No. 5 to examine and scrutinise the genuineness of the FDR, alleged to be belonging to the petitioners. If respondent No. 5 is satisfied that the petitioners are the persons holding FDR and entitled to the said amount, then respondent No. 5 is directed to pass suitable order, pending appeal with respect to the said FDR if the same is found to be payable to the petitioners and shall direct release of the amount of the FDR to respondent No. 4-bank for being paid to the petitioners. All this process must be completed by respondent No. 5 within eight weeks from today.
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