Lsp IN IN IN THE THE THE HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.788 OF 2008 IN COMPANY PETITION NO. 363 OF 2001 Rajmane Govind Ganpatrao .. Applicant V/s. Makune Solmex Ltd.& Ors. .. Respondents Mr.S.C.Naidu a/w. Mr.S.R.Ingule i/b. M/s..R.Naidu & Co. for the Respondents. CORAM CORAM CORAM : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. DATED DATED DATED : 24th October, 2008 : 24th October, 2008 : 24th October, 2008 P.C. . As the Official Liquidator assures to adjudicate the claim of the applicants herein, that assurance is accepted. No further directions are required as of now. It will be open to respondent no.2 to file objection before the Official Liquidator who will have to consider the same on its own merits and pass appropriate directions in accordance with law. 2. Respondent no.2 who incidentally happens to be secured creditor as well as other secured creditors will have to file undertaking before the Official Liquidator that they will bring back such amount as may be ordered by the Official Liquidator from and out of sale proceeds derived from the assets of the company in 2 liquidation which amount will have to be disbursed keeping in mind Section 529-A of the Companies Act. Application disposed of accordingly. [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.]