1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN ITS INSOLVENCY JURISDICTION OFFICIAL ASSIGNEE’S REPORT DATED 26th April, 2005 IN INSOLVENCY PETITION NO.81 OF 2002 Re: M/s.Chemisal Enterprises & Ors. ..Insolvents. Ex-parte The Bharat Co-op. Bank Ltd...Petitioning Creditors. ... Mr.K.B.Poojari, Official Assignee present. CORAM CORAM CORAM : DR.D.Y.CHANDRACHUD, J. : DR.D.Y.CHANDRACHUD, J. : DR.D.Y.CHANDRACHUD, J. 3rd May, 2005. P.C.: Perused the report of the Official Assignee and the valuation report. The Official Assignee has received two additional offers each of them in the consolidated amount of Rs.7 lacs. The Assignee is directed to hold a meeting among the highest bidder and the two additional offerers in order to ascertain whether the enhancement of the offer can be obtained. The valuation report is directed to be placed in a sealed cover forthwith. 2 At this stage, one of the bidders Supreme Fish Net Industries who has submitted a consolidated bid in the amount of Rs.7 lacs, prays for leave to withdraw the bid. Permission to do so is granted. Stand over to 7th June, 2005.