1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 419 OF 2002 IN COMPANY PETITION NO. 229 OF 1992 In the matter of Companies Act, 1956. Reserve Bank of India .. Petitioner. vs. East India Cotton Association Ltd., & Ors. .. Applicants Mr. P.S. Colabawala i/by Mulla & Mulla Gragie Blunt & Caroe for the applicant in support. .. CORAM : S.U. KAMDAR, J. DATE : 4th February, 2005. P.C. 1. Leave to amend prayer clause (a) granted. 2. The present application is for leave to institute and prosecute the suit under Section 446 of the Companies Act and to implead the Official 2 Liquidator as a party in respect of Bank of Karad Limited. By letter dated 2.2.2005 M/s. Bhandary & Bhandary, Advocates and Solicitors informed the applicant that one Mr. Laxman Mahadev Devare is at present incharge of liquidation proceedings and has been appointed as a Liquidator. It has also been made clear that the liquidation proceedings to continue. In view thereof, the application granted in terms of prayer clause (a) as amended.