1 IN IN IN THE HIGH COURT OF JUDICATURE OF BOMBAY THE HIGH COURT OF JUDICATURE OF BOMBAY THE HIGH COURT OF JUDICATURE OF BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1344 OF 2008 IN COMPANY PETITION NO.501 OF 1984 Mohanlal Keshavlal Shah. ..Petitioner And Smt.Shukla R. Mehra. ..Applicant. V/s. The O.L. of M/s.Polynit Pvt.Ltd. ..Respondent. Mr.Devashish Mitra i/b. Legal Assistance for applicant. CORAM: CORAM: CORAM: A.M.KHANWILKAR,J A.M.KHANWILKAR,J A.M.KHANWILKAR,J DATE DATE DATE : OCTOBER 23, 2008. : OCTOBER 23, 2008. : OCTOBER 23, 2008. P.C. P.C. P.C. : : : 1. The applicant assures through Counsel that if the delay were to be condoned by this Court, the Applicant shall pay requisite amount towards penalty for delay in registration of conveyance to the authority, as may be required, as per the provisions of Registration Act for stamp duty. That assurance is accepted. In the circumstances, by way of indulgence, Application is made absolute in terms of prayer clause (a) on condition that the sale deed will be executed in favour of the auction purchaser Mr.Ajay Mehra on payment of costs of Rs.5,000/- to the Official Liquidator. Application disposed of 2 accordingly. 2. The argument of the Applicant that since in the reply affidavit, the Official Liquidator has referred to the fact that Ajay Mehra claimed to be manager of Polyhigh Industries, proprietary concerned, the sale deed be allowed to be executed in favour of the said firm cannot be accepted, as no such case is made out in the Application. Besides, no argument has been produced to substantiate that position. Accordingly, sale deed will have to be executed in favour of the Ajay Mehra on the above conditions. (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J)