Citation : 2022 Latest Caselaw 2004 AP
Judgement Date : 25 April, 2022
HIGH COURT OF ANDHRA PRADESH AT AMARAVATHI
MAIN CASE NO.: A.S.No.221 of 2019
PROCEEDING SHEET
Sl. Date ORDER OFFICE
No. NOTE
4. 25.04.2022 SRS,J
I.A.No.1 of 2019
The petitioner/appellant before this Court is
defendant in O.S.No.191 of 2013 on the file of learned III
Additional District Judge, East Godavari, Kakinada.
The respondent herein filed O.S.No.191 of 2013 for
recovery of an amount of Rs.11,79,200/-, principal being Rs.8,00,000/-. The trial Court, by judgment, dated 17.12.2018 decreed the suit with costs for Rs.10,29,200/- with subsequent interest at 6% per annum on the principal amount of Rs.6,50,000/- from the date of filing of the suit till the date of realization. Aggrieved by the same, the present appeal is filed.
Heard Sri Venkat Challa, learned counsel for the appellant and Sri A.K. Kishore Reddy, learned counsel for the respondent.
It is represented that pursuant to the judgment and decree, dated 17.12.2018, the decree holder filed execution petition vide E.P.No.9 of 2022.
In view of the same, there shall be stay of all further proceedings in E.P.No.9 of 2022 in O.S.No.191 of 2013 on the file of learned III Additional District Judge, East Godavari District at Kakinada, subject to the condition of petitioner/appellant depositing half of the decretal amount and costs within a period of eight weeks from today.
On such deposit the respondent herein is permitted to withdraw the amount without furnishing any security.
If the petitioner/appellant fails to deposit the amount within time stipulated, this order shall stand vacated, without any further order.
______ SRS,J
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