M/S. Assest Reconstruction Company Ltd. v. The Official Liquidator Of Print-O Graph

CA.263-2017 Dond

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 263 OF 2017 IN COMPANY APPLICATION NO. 460 OF 2012 IN COMPANY PETITION NO.570 OF 1996 WITH OFFICIAL LIQUIDATOR REPORT DATED 06.02.2012 M/s Asset Reconstructiion Company Ltd.

..Applicant.

In the matter between Jaybharat Credit Limited

...Petitioner.

And M/s Asset Reconstruction Company Ltd.

Vs Official Liquidator ------- Ms. Mamta Sadh a/w Mr. Ravi Goenka i/b Goenka Law Associates for Applicant in CA No.263 of 2017.

Mr. Vedchetan Patil for Official Liquidator.

------- CORAM: A.S. GADKARI. J.

DATE: 20 JULY 2017.

P.C.:

1] This is an application for condonation of delay of 701 in filing the present application and for recalling the Order dated 16th June 2014 passed in Company Application No.460 of 2012. 1/2

CA.263-2017 2] The Official Liquidator has filed a reply dated 11th July 2017, inter alia, stating therein that this Court may pass appropriate orders in the interest of justice.

3] For the reasons stated in the application and in the interest of justice, the application is allowed in terms of prayer clauses (a) and (b) subject to costs of Rs.10,000/- to be paid to the High Court Legal Aid Committee. The said costs to be paid within two weeks from today. The payment of costs within the aforestated period is the condition precedent for condonation of delay and recalling of the Order dated 16th June 2014. (A.S. GADKARI, J.) 2/2