: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1627 OF 2008 IN COMPANY PETITION NO.743 OF 1990 Mafatlal Engineering Industries Ltd.(in Liqun.) ..Respondent Company United Metachem Pvt. Ltd. ..Petitioner. And Sandeep Pramod Shah ..Applicant. Vs. The Official Liquidator & Anr. ..Respondents. Mr.F.Dubhas i/b.Fedral Rashmikant & Associates for the Applicant. Mr.C.N.Mehta for the Original Applicant. Mr.S.Ramakantha, Deputy Official Liquidator present. CORAM : S.J. VAZIFDAR, CORAM : S.J. VAZIFDAR, CORAM : S.J. VAZIFDAR, DATED : DATED : DATED : 30TH JANUARY, 2009 30TH JANUARY, 2009 30TH JANUARY, 2009 P.C. : P.C. : P.C. : 1. The Applicant seeks sanction for the transfer of 66,070 equity shares of the company in liquidation, by the transferor, the Administrator of the Specified Undertaking of the Unit Trust of India, to the Applicant. 2. The Applicant states that the shares are fully paid up. It is however made clear that this order : 2 : is subject to the transferor as well as the transferee being responsible for any amount that may be payable in the event of the amount not having been paid. 3. There is nothing on record which militates against the sanction sought for the transfer of the said shares. The Official Liquidator has not raised any objection. The transaction is not pre-judicial to public interest or to the interest of the company or its shareholders and Directors. 4. In the circumstances,a the Company Application is made absolute in terms of prayers (a) and (b), subject to the above clarification. Further, the Applicant shall be responsible for all costs/charges/expenses relating to or in respect of the said transfer. ***