1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION rpa COMPANY APPLICATION NO. 133 OF 2010 IN COMPANY PETITION NO. 428 OF 1997 Sai Om Petro Specialities Ltd. .. Petitioner. v/s. The Official Liquidator, Bombay High Court, As Liquidator of Mukati Transformers Ltd. .. Respondents. And IDBI Bank Ltd. .. Applicant/ Secured Creditor .... Mr. Pragna Thakkar for the Applicant. The Official Liquidator, present. .... CORAM : S. J. KATHAWALLA, J. DATE : APRIL 16, 2010. P.C. By this Company Application, the Applicant IDBI Bank (Secured Creditor) has prayed for the following relief. “(a) This Hon’ble Court be pleased to direct the Official Liquidator of Mukati Transformers Ltd., to hand over the possession of the Secured Assets more particularly described in the SCHEDULE annexed hereto to the Authorized Officer Mr. Shamik Roy nominated by the Applicant and may please allow to take possession of and to sell the 2 assets under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002;” 2. The Official Liquidator has submitted that he has no objection if prayer (a) is allowed subject to the Applicant submitting a charge certificate before the Official Liquidator and affecting sale of the property by obtaining approval of this Court. 3. The Official Liquidator is, therefore, directed to hand over the property to the Applicant as prayed in prayer clause (a) of the Application, subject to the Applicant/Secured Creditor producing the charge certificate before the Official Liquidator within a period of one week from today, and not affecting the sale of the property without prior approval of this Court. 4. The Company Application is, accordingly, disposed of. [ S. J. KATHAWALLA, J. ]