IN THE HIGH COURT OF BOMBAY AT GOA CONTEMPT PETITION NO. 16 OF 2009 IN COMPANY APPLICATION NO. 28 OF 2008 M/S VIKRANT SHIPPING PVT.LTD., ... Petitioner Versus MR. SANJAY KUMAR GUPTA ... Respondent Mr. P. A. Kholkar, Advocate for the Petitioner. Ms. A.Razak, Advocate for the Respondent. Coram:- S. J. VAZIFDAR, J. Date:- 26th March, 2010 P.C. This is a Petition for contempt against the Official Liquidator on the ground that he has not complied with the order of this Court dated 27.2.2009 by failing to complete the investigation within six months. 2. The Official Liquidator has filed a detailed affidavit explaining the reason for his inability to complete the investigation within six months. He has set out for instance the difficulty faced by him in obtaining the records of the company. 3. The learned counsel appearing on behalf of the Petitioner states that all the records of the company which were available with the Petitioner have been handed over to the Official Liquidator and that the Petitioner does not have any further records relating to the company. There is however nothing on record which indicates that the erstwhile directors of the company had handed over all the records of the company to the Official Liquidator. In fact the Official Liquidator had made attempts to obtain information including from the Income Tax Department. The relevance of the Petitioner statement is that according to the Petitioner, it had purchased the shares of the company in liquidation. This is not admitted by the Official Liquidator. In these circumstances, the Official Liquidator cannot be really faulty for not having completed the investigation within six months from the date of the order. 4. Having said that however the Official Liquidator is put to notice that the investigation cannot be kept pending indefinitely even assuming that the concerned officers of the company in liquidation are not producing the relevant records. It is always open to the Official Liquidator in that event to draw an adverse inference and submit the investigation report accordingly. 5. In view of the above, the Contempt Petition is disposed of by the following order : (i) The Contempt Petition is dismissed. (ii) The time to comply with the order dated 27.2.2009 is extended upto 31.12.2010. (iii) No order as to costs. S. J. VAZIFDAR, J. at*