1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION rpa COMPANY APPLICATION (L) NO. 16 OF 2010 IN COMPANY PETITION NO. 368 OF 2003 M/s. Sun Valley Farm Products Ltd. & Ors. .. Applicants v/s. Board for Industrial and Financial Reconstructions & Ors. .. Respondents .... Mr. N. V. Vechalekar for the Applicants. The Official Liquidator-present. .... CORAM : S.J. KATHAWALLA, J. DATE : FEBRUARY 5, 2010. P.C. Pursuant to the order of this Court dated 24th September, 2009, the Applicant M/s. Sun Valley Farm Products Limited (S.V.F.P.L.) had made an application before the B.I.F.R. and the B.I.F.R. has on the said Application passed an order dated 11th November, 2009 inter-alia holding as follows : "considering the material on record and the submissions made in the hearing, the Bench noted that the net worth of the company has 2 became positive, thus, it does not remain to be Sick Industrial Company in terms of 3(i)(0) of the SICK. Accordingly, the Company M/s. Sun Valley Farm Products Limited (S.V.F.P.L.), is discharged from the perview of the Act”. 2. In view thereof, the order passed by this Court (Coram: Dr. D. Y. Chandrachud, J.) dated 14th March, 2007 is set aside only to the extent of the same being applicable to Company Petition No. 368 of 2003. 3. The Official Liquidator appointed as Provisional Liquidator stands discharged upon making payment of Rs. 10,000/- and payment of advertisement charges, if any to the Official Liquidator within a period of two weeks from today. 4. The Company Petition is, accordingly, disposed of. The Company Application is also disposed of. [ S.J.KATHAWALLA, J. ]