Statutory deposit release with accrued interest and execution closure on proof of payment under higher court directions.

Statutory deposit was to be released to the respondent in terms of the Supreme Court's direction, with the deposited sum of Rs. 7.5 crores carrying accrued interest and no re-examination of the underlying merits. The ancillary direction also required interest to be computed at 12%, and the execution proceedings were to stand closed once proof of payment was produced before the concerned court. The High Court therefore implemented the higher court's mandate by directing the Registry to release the deposit with interest and recognising closure of execution on compliance.

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Outcome: The Registry was directed to release the statutory deposit of Rs. 7.5 crores along with accrued interest in favour of the respondent, and the interlocutory application was disposed of.

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