K.V. Fire Chemicals (I) Pvt. Ltd. Through Dirctor Shri. Rajesh H. Sabadra v. The Saraswat Co-Op. Bank Ltd. And ANR.

P-11. WP 10660.16.doc JPP

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE SIDE JURISDICTION WRIT PETITION NO. 10660 OF 2016 K.V. Fire Chemicals (I) Pvt. Ltd.

... Petitioner.

V/s.

The Saraswat Co-op. Bank Ltd. & Ors.

... Respondents.

Mr. Ram Apte, Senior Advocate i/b. Vyas & Bhalwal for the Petitioner.

Mr. Arunkumar Gunsekaran i/b. Sanket Lele for Respondent 1. Mr. Pankaj Sawant, Senior Advocate a/w. Ms. Tanmayee Salekar i/b. Shah & Sanghavi for Respondent 2.

CORAM : N.M. Jamdar, J.

14 September, 2016.

P.C. :- Not on board. Taken on production board by way of praecipe.

2.

Heard the learned Counsel for the parties. It is not possible to accede to the request made by the learned Senior Advocate for the Petitioner for extension of period of two weeks as sought for. The Petitioner has already approached the learned

P-11. WP 10660.16.doc Arbitrator for necessary reliefs, however considering the facts and circumstances, it is directed that in case the Respondents proceed to encash the bank guarantee, they will give advance notice of five working days to the Petitioner.

(N.M. Jamdar, J.)