1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. COMPANY APPLICATION NO.1158 OF 2009 IN COMPANY PETITION NO.703 OF 1996 Farsight Investment Services Pvt.Ltd. ...Applicant. Versus The Official Liquidator of M/s.Agritech Hatcheries & Foods Ltd. In Liqn. ...Respondent. ....... Mr. C.N. Mehta for the Applicant. Mr. P. Ramarao, O.L. present. ...... CORAM : DR. D.Y. CHANDRACHUD, J. November 19, 2009. P.C.: An extension of time has been sought of eight weeks from 14th November 2009 for making payment of the balance sale price. On 15th October 2009, the offer of the Applicant in the amount of Rs. 1.90 crores was accepted by the Learned Company Judge. An amount of Rs.30 lakhs has been deposited towards the earnest money deposit on 6th October 2009. The balance was required to be deposited within a period of thirty days. However, it has been stated that since the order confirming the sale in favour of the Applicant was not available and no letter confirming the sale was issued, the Applicant could not 2 approach its Bankers for obtaining finance. The Court is informed that the Applicant was present in person when the order was passed on 15th October 2009. Obviously, he was aware of the condition of the sale under which balance of the sale price was required to be deposited within thirty days. However, since the Applicant has deposited an amount of Rs.30 lakhs towards the earnest money deposit and is ready and willing to deposit the balance, time for compliance is extended by a further period of four weeks from today, conditional on the Applicant paying interest on the balance payment at the rate of 6% per annum. No further extension shall be granted and if there is a default, necessary consequences will follow. The Applicant is permitted to nominate any other party for and on behalf of the Applicant. The Company Application is accordingly disposed of. .....