The Official Liquidator Of Micro Technologies (India) Ltd. (In Liquidation) v. Canara Bank (Petitioner)

2025:BHC-OS:9174 2 OLR-38-2024.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION OLR NO. 38 OF 2024 IN COMPANY PETITION NO. 602 OF 2013 AND COMPANY PETITION NO. 190 OF 2013 In the matter of Companies Act, I of And In the matter of Micro Technologies (India) Ltd. (In Liqn.) Canara Bank

...Petitioner

------ P. Fernandes i/b Dave and Girish and Co. for the Petitioner. Ms. Akanksha Agrawal, Adv. for OL.

------ Coram : Sharmila U. Deshmukh, J.

Date : 20th June, 2025.

P. C. :

1.

The Official Liquidator's Report seeks the following directions: "a) In view of para (10) of this Report, this Hon'ble Court may be pleased the ratify the appointment of Advocate Shanay Shah made by the Official Liquidator in the OLR No. 157 of 2019, OLR No. 276 of 2019 and OLR No. 6 of 2023 and further permit to pay the Professional fees of Advocate Shanay from funds of the Company (In Liqn.). And in case no funds are available to the credit of the Sairaj 1 of

2 OLR-38-2024.doc Company (In Liqn.) then from Common Pool Funds (Office Expenses Account) subject to reimbursement of same along with interest@9%."

2.

The appointment of Advocate is ratified with permission to pay the professional fees from the funds of the Company in liquidation. 3.

The OLR's report is allowed in terms of prayer clause (a), which reads as under:

"a) In view of para (10) of this Report, this Hon'ble Court may be pleased the ratify the appointment of Advocate Shanay Shah made by the Official Liquidator in the OLR No. 157 of 2019, OLR No. 276 of 2019 and OLR No. 6 of 2023 and further permit to pay the Professional fees of Advocate Shanay from funds of the Company (In Liqn.). And in case no funds are available to the credit of the Company (In Liqn.) then from Common Pool Funds (Office Expenses Account) subject to reimbursement of same along with interest@9%."

[Sharmila U. Deshmukh, J.] Sairaj 2 of