(1.) The hearing has been conducted through Video Conferencing.
(2.) By the present application filed by defendant Nos.1 and 3 in the representative capacity on behalf of defendant No.4, the following prayers are made:
(3.) Learned counsel for the applicants/defendant Nos.1 and 3 stated that at this stage the urgency in the application is to the extent of raising finances to meet the requirement of deposit of Rs. 4 crores in terms of the decision of the Hon'ble Supreme Court by creating an appropriate security in respect of such number of unsold units in Tower-C-1 and C-2 of defendant Nos.4's project and in this regard the defendant Nos.1 and 3 have identified three flats being flat Nos.905, 1001, and 1002 in Tower-2. However, considering the fact that both the parties have addressed arguments at length, this Court is proceeding to decide the application.