N SRINIVASA Vs. KUTTUKARAN MACHINE TOOLS LTD

JUDGEMENT

(1.) Leave granted.

(2.) This appeal has been filed at the instance of the appellant by special leave against the judgment and final order of the High Court of Karnataka at Bangalore in M.F.A No. 12014/2006 (AA), dated 16th of April 2007, setting aside the order dated 23rd of September, 2006 passed by the VI Additional City Civil Judge, Bangalore, and vacating the order of status quo granted on condition that the respondent shall deposit a sum of Rs. 2,50,000,00/- [Rupees two crores fifty lacs] within the time specified in the impugned order.

(3.) The facts leading to the filing of this appeal may be summarized as follows: