TMI Blog2009 (12) TMI 1019X X X X Extracts X X X X X X X X Extracts X X X X ..... ayed for directing the respondent No.1 to decide the application of the petitioner at Annexure-D forthwith and to intimate the parties the outcome of the same; and further directing to lodge the prosecution against the respondent No.1 on the ground that non-production of licence and non-obtaining licence is an offence under the provisions of Sections 35-A and 35-B of the Bombay Money Lenders' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st at the rate of 146% per annum. Therefore, disputes arose between the petitioner and respondent No.3 and as per the terms of the loan agreement, the matter was referred for arbitration. 2.2 During pendency of proceedings before the Arbitrator, Miscellaneous Application No.636 of 2006 was filed by the loaner before the Ahmedabad City Civil Court for the purpose of securing the amount and in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t on furnishing the requisite bank guarantee. Pursuant to the above order of this Court, the petitioner deposited the said amount with the trial Court within the stipulated period. Thereafter, an application was made by the loaner at Ex.36 for withdrawal of amount, but since the Court imposed the condition of producing solvent surety of ₹ 50 lakhs and a bank guarantee for another ₹ 50 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... petition. 3.0 During the course of hearing, Mr.J.K. Shah, learned Assistant Government Pleader, on the instructions received from Mr.C.M. Parmar, Assistant District Registrar and Ms.Prajapati, Inquiry Officer, who are present in the Court, states that the respondent No.1 will decide the application pending before it, at Annexure-D at page No.27 to the petition, within a reasonable period, as m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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