- 1 - IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION. ORIGINAL CIVIL JURISDICTION. ORIGINAL CIVIL JURISDICTION. jmi COURT RECEIVER’S REPORT NO.125 OF 2009 IN SUIT NO.4771 OF 2000. SBI Capital Markets Limited. ..Plaintiffs. vs. Gilt Pack Limited. ..Defendants. .... Mr.Rahul Donde, i/b. Kanga & Co., for Plaintiffs. Mr.Vinit Omprakash, Purchaser Representative. Mr.K.L.Vyas, Court Receiver. .... CORAM CORAM CORAM: S.J.KATHAWALLA, J. S.J.KATHAWALLA, J. S.J.KATHAWALLA, J. DATE DATE DATE : 23RD APRIL, 2009 : 23RD APRIL, 2009 : 23RD APRIL, 2009. P.C.: P.C.: P.C.: . By valuation report dated 4th March 2009, the value of the scrap was valued by AT & TS Associates to Rs.7,25,000/- only as of 1st March 2009. Pursuant to the said valuation report, this Court had fixed the reserved bid in respect of the said machinery at Rs.8 lacs. Thereafter, the Court Receiver has conducted the auction sale and the highest bid is of Rs.11,20,000/- from Anant Shakti Scrap Corporation. 2. The Court Receiver has, therefore, submitted his report seeking confirmation of the offer of Rs.11,20,000/- given by the M/s. Anant Shakti Scrap Corporation, situated at 95, Industrial Area Sector-I, - 2 - Pitampur, M.P. 3. The learned Advocate for the plaintiff submits that the plaintiff has no objection if the offer of M/s. Anant Shakti Scrap Corporation is accepted. 4. In view of the aforesaid, the Court Receiver’s Report is allowed in terms of prayer clause (a) and (c). M/s.Anant Shakti Scrap Corporation has already deposited Rs.3,00,000/- (Rupees Three Lacs.) with the Court Receiver. The balance amount of Rs.8,20,000/- shall be deposited by M/s. Anant Shakti Scrap Corporation with the Court Receiver within 2 weeks from today. 5. The Court Receiver shall forward a copy of the valuation report to the plaintiffs within a period of 3 weeks from today. In view of this order, the Court Receiver stands discharged, and the report stands disposed of. [S.J.KATHAWALLA, [S.J.KATHAWALLA, [S.J.KATHAWALLA, J.] J.] J.]