THEN WHAT IS MEANING OF EXTRACT OF BOMBAY HC AS BELOW-
The Apex Court while interpreting the identical provision, in somewhat different circumstances, in the case of Kayamuddin Shamsuddin Khan v. State Bank of India, observed as under ;
"7. ...... .We, however, find that the only consequence for non-compliance with the direction given under Sub-rule (3) of Rule 1 of Order XLI is as provided in Sub-rule (5) of Rule 5 of Order XLI which reads as under :
"(5) Notwithstanding anything contained in the foregoing sub-rules, where the appellant fails to make the deposit or furnish the security specified in Sub-rule (3) of Rule 1, the Court shall not make an order staying the execution of the decree."
8. This would mean that non-compliance with the direction given regarding deposit under Sub-rule (3) of Rule 1 of Order XLI would result in the Court refusing to stay the execution of the decree. In other words, the application for stay of the execution of the decree could be dismissed for such non-compliance but the Court could not give a direction for the dismissal of the appeal itself for such non-compliance."
the trial Court shall be free to invest the same with any nationalised bank, initially, for a period of 37 months and shall keep the said investment renewed from time to time until further orders.