*1* ca.601.10.cp.110.00.40 kps IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.601 OF 2010 IN COMPANY PETITION NO.110 OF 2000 Parikh Govindlal Mansukhlal. ..Applicant -Versus- The Official Liquidator of M/s Pal Peugot Limited. (In Liqn.). ..Respondents .......... Mr.Prakash Shah a/w Mr.Sumit Raghani and Durgaprasad Poojari i/b PDS and Associates, for the Applicant. Dr.T.Pandian, Official Liquidator present in person. .......... CORAM : S.C.DHARMADHIKARI, J. DATE : 13th January, 2011. P.C. 1 Mr.Shah, learned counsel appearing in support of this application, tenders a compilation of orders, which according to Mr.Shah, have been passed in identical facts and circumstances in Company Petition No.117/1999. He submits that the Applicant has purchased the debentures of the Company in liquidation, therefore, the Applicant should be substituted in place of the original debenture holders to the extent of debentures acquired by him. It is submitted that the Company in liquidation will not suffer any prejudice nor the interest of creditors or shareholders will be affected if the application is made absolute. 2 Having heard Mr.Shah and the Official Liquidator and perusing with their assistance the application and the contents of the affidavit in support, so also, earlier orders passed in identical matters, I am of the opinion that in the facts peculiar to this case the relief prayed *2* ca.601.10.cp.110.00.40 for can be granted. The Company Application is, therefore, made absolute in terms of prayer clause (a), which reads thus:- “(a) that the Official Liquidator, High Court, Bombay be directed to transfer and register 18,43,030 (Eighteen Lakhs Forty Three Thousand and Thirty) debentures of Pal Peugeot Limited (in liquidation), details whereof are set out in the Schedule hereto, in his records in the name of the Applicant.” (S.C. Dharmadhikari, J)