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1990 Supreme(SC) 672

J.S.VERMA, M.N.VENKATACHALIAH, N.D.OJHA
Renu Saagar Power Company – Appellant
Versus
General Electric Company – Respondent


ORDER:— By the present I.A. No. 3 of 1990 the respondent-decree-holder seeks what is styled a "clarification" of the interlocutory order of stay dated 21-2-1990 made by this Court staying the operation of the judgment and decree under appeal subject to certain conditions. The relevant condition to which, apparently, the clarification pertains is at para 3(a) of the order dated 21-2-1990 and provides:

"3(a) that appellants, within four weeks from today, shall deposit in the trial Court, viz., the Original side of the Bombay High Court, the sums equivalent to one half of the decretal amount calculated as on date. The respondent-decree-holder shall be permitted to withdraw the deposit upon furnishment of security by way of bank guarantee for the sum to be withdrawn in excess of rupees four crores to the satisfaction of the High Court. In other words, in respect of and up to the amount of rupees four crores, no such security need be insisted upon."

The point urged in the present application assumes materiality in the context of the requirement that the appellant, in calculating the amount to be deposited in compliance with the said condition, has to convert the subject matter of the awar









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