The Saraswat Cooperative Bank Limited v. The Official Liquidator In Liqn M/S Pratibha Shipping Pvt Ltd

sat 1/1 cal 478-2015.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION (L) NO. 478 OF 2015 IN COMPANY PETITION NO. 128 OF 2013 The Saraswant Co-op.Bank Ltd.

...Applicant In the matter between Man Diesel and Turbo

...Petitioner

vs.

M/s.Pratibha Shipping Pvt.Ltd.

...Respondent

and The Official Liquidator

...Respondent

Ms.Shreya Deshpande i/b. Kaikini Phadke & Associates for Applicant. CORAM : S.C. GUPTE, J.

7 JULY 2015 P.C. :

The application seeks leave under Section 446 of the Companies Act, 1956 to prosecute the proceedings initiated against the company in liquidation under Section 84 of the Multi-State Co-operative Societies Act, 2002. For reasons stated in the affidavit in support of the company application, the company application is allowed and leave is granted to the Applicant in terms of prayer clause (a) thereof. (S.C. Gupte, J.)