1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION rpa COMPANY APPLICATION NO. 1320 OF 2009 IN COMPANY PETITION NO. 283 OF 1994 Central Bank of India .. Applicants. v/s. The Offical Liquidator of M/s. Prithvi Cotton Mills Ltd. .. Respondents. .... Mr. J. P. Sen i/b. O. A. Das for the Applicants. The official liquidator-present. .... CORAM : S. J. KATHAWALLA, J. DATE : FEBRUARY 24, 2010. P.C. The report of the Official Liquidator is allowed subject to the following : i. After deducting an amount of Rs. 1,31,00,477/- (Rupees One Crore Thirty One Lakhs Four Hundred Seventy Seven only) towards payments set out in prayer clause (c) of the Report, the balance amount of Rs. 2 5,78,99,523/- received by the Official Liquidator upon maturity, on 8th July, 2010 shall be deposited with the Central Bank of India, Bharuch Branch, unless the Official Liquidator is offered a higher rate of interest by any other Nationalized Bank. However, before investing the said amount with any other Nationalized Bank the Official Liquidator shall in writing give an option to the Central Bank of India, Bharuch Branch to pay the rate of interest on the said fixed deposit, offered by the other Nationalized Bank. ii. In the event of the other claimants not filing their claim with the Official Liquidator on or before 31st March, 2010, the Official Liquidator shall proceed to make payments to the workers as well as the Central Bank of India as adjudicated by the Official Liquidator. 2. The Official Liquidators report is, accordingly, 3 disposed of. 3. The Company Petition No. 1320 of 2009 also stands disposed of. [ S. J. KATHAWALLA, J. ]