N.V. Anjaria, J.

1. The captioned petition was filed on 29th January, 2016. On 05th February, 2016 this Court issued Notice and granted ex-parte ad-interim relief. The aforesaid Civil Application under Article 226(3) of the Constitution for vacating the ad-interim relief was filed by the respondent on 14th March, 2016. It was adjourned to 29th March, 2016, then to 30th March, 2016, thereafter to 01st April, 2016 and further on 04th April, 2016. In course of said dates, the petitioner proposed terms of settlement which was ultimately not worked out as was not acceptable to respondent-Bank.

2. The learned advocates for the parties advanced arguments contesting the petition for final consideration of the controversy and the following order was passed on 07th April, 2016.

"Heard learned advocate Mr. A.M. Parekh for the petitioner and learned senior counsel Mr. Sudhir Nanavati assisted by learned advocate Mr. Bhavesh Choksi in extenso.

2. Both the learned advocates consented and requested the Court to take up the main petition for final consideration. Therefore, keeping Civil Application pending, main petition was taken up and learned advocates for the parties were heard.

3. Learned