GUWAHATI, India, Dec. 19 -- Gauhati High Court issued the following order on Nov. 19:
1. Heard Ms. N. Saikia, the learned counsel appearing on behalf of the petitioner. Mr. G. Das, the learned counsel appears on behalf of the Canara Bank and Mr. B. Chakraborty, the learned counsel appears on behalf of the Railway Administration.
2. The present writ petition has been filed by the petitioner seeking a direction upon the respondent Canara Bank for release of the fixed deposit amounting to Rs.45,85,000/- with renewable interest at three times the bank rate as per Section 16 of the MSME Act, 2006.
3. It has been submitted at the bar that pursuant to various litigations filed before this Court, an arbitration proceedings is presently going o...