1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.56 OF 2008 IN COMPANY PETITION NO.498 OF 1993 B.I.F.R. ..Petitioner. V/s. Trimurthy Malleables Pvt.Ltd.(in Liqn) ..Respondent. And SICOM Ltd. ..Applicant. Ms.Jaymala Raut i/b. Prakash Panjabi & Co. for applicant. Mr.S.Ramakantha, Dy. O.L. CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J DATE : JANUARY 25, 2008. DATE : JANUARY 25, 2008. DATE : JANUARY 25, 2008. P.C. : P.C. : P.C. : 1. In view of the undertaking given by the Applicant to bring back the proportionate amount of the sale proceeds to satisfy the claims if any, having pari passu pari passu pari passu charge under Section 529A of the Companies Act, 1956, Application deserves to be allowed in terms of prayer clause (a). 2. In so far as clause (b) is concerned, the Official Liquidator assures to take steps to adjudicate all the workers’ claim as earlier as possible not later than three months from today. 2 3. Application allowed on the above terms. (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J)