1 cal86.11.doc ast IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION (L) NO.86 OF 2011 IN COMPANY PETITION NO.153 OF 2007 B.I.F.R. .. Petitioner And Manju Sharma. .. Applicant. versus The Official Liquidator M/s. Nimit Papers & Allied Products Ltd. .. Respondent. Mr. C.N.Mehta, advocate for petitioner. Mr. T.Pandian, O.L. Present. CORAM: S.C.DHARMADHIKARI, J. DATED: 24TH FEBRUARY, 2011 P.C. 1 This is an application for extension of time to pay the balance purchase price. 2. Mr. Mehta, appearing on behalf of the applicant in support of this application states that the applicant was declared as 2 cal86.11.doc the highest bidder and the bid was accepted. Sum of Rs.9,13,500/- has been paid and the balance sum of Rs.27,40,500/- is yet to be disbursed. The applicant states that she had some difficulty in raising the money on account of serious ailment of her mother. In these circumstances, she seeks six weeks extension from 25th February, 2011. 3 Having heard Mr. Mehta, with his assistance perused the application and annexure, I am of the opinion that in the peculiar facts of this case, the extension, as prayed can be granted, but it shall be limited to the period of four weeks from the due date. Thus, within a period of four weeks from 25th February, 2011 the balance sum should be deposited together with the interest @ 6% and if the same is deposited, the Official Liquidator to accept it and conclude the sale, in default, the property be readvertised for sale. (S.C.DHARMADHIKARI, J.)