ca107-11.doc 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.107 OF 2011 IN COMPANY PETITION NO.521 OF 1992 Pravin Mahadeo Dhole .. Applicant versus O.L in Garware Nylon Ltd (In Liqn.) .. Respondent Ms.Lalita Panchakshari for applicant Dr.T.Pandian, O.L. present CORAM: S.C.DHARMADHIKARI, J. DATE : 3rd MARCH 2011 P.C. . The request in this application is to condone the delay of 550 days in executing conveyance deed in favour of the applicants. 2 The applicant is a worker and it is stated that the ex- workers of the company in liquidation gave their power of attorney in favour of the applicant Mr.Pravin Mahadeo Dhole authorising ca107-11.doc 2 him to place the bid on their behalf. Accordingly, the bid was placed in the sum of Rs.6,01,00,000/-. The bid being highest, this Court accepted it and sanctioned the same in favour of the applicant. The order dated 20th February 2008 is relied upon and it is stated that thereafter the sale could not be completed because there was delay in raising funds. Further, there were other difficulties. Ultimately, the applicant, who is representing 209 workers, who were working with company in liquidation, have overcome all problems and arranged funds and deposited them with the Official Liquidator. The delay is, therefore, required to be condoned so as to enable the liquidator to execute the conveyance. 3 The liquidator is present in Court and he states that he has filed affidavit pointing out that the present applicant has not produced any authorisation. Since the sale is in favour of the ex- workers of Garware Nylon Ltd-the company in liquidation, it is necessary for the applicant to produce authorisation on behalf of the workers so that the conveyance can be executed in favour of the applicant or the nominee. ca107-11.doc 3 4 Mrs.Panchakshari, learned Advocate appearing on behalf of the applicant states that she will produce necessary power of attorney/authorisation in favour of the applicant. On such production, the Official Liquidator to complete sale by executing the conveyance in favour of the authorised person. The delay stands condoned subject to above condition. The conveyance will be executed only on production of necessary power of attorney/authorisation. Company Application is disposed off accordingly. No costs. (S.C.DHARMADHIKARI, J)