*1* nmis.43.11.inpt.1.00.906.sxw kps IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.43 OF 2011 IN INSOLVENCY PETITION NO.1 OF 2000 Devchand C. Shah. ..Petitioning Creditor -versus- S.K. Tea Centre and others. ..Insolvents ............ Mr.Anil Bagwe, for the Insolvents. Mr.S.T.Kapse, Official Assignee, present. ............ CORAM : S.C.DHARMADHIKARI, J. Date : 18th October, 2011. P.C.: 1 Heard Mr.Bagve, learned counsel appearing on behalf of the Insolvents. Perused the Notice of Motion, the affidavit in support and the statement that has been signed by the Official Assignee, so also, his report in terms thereof. 2 The Official Assignee has no objection to the reliefs in the motion being granted, but he prays that time to disburse the amount in terms of the prayers be granted till 31th January, 2012 within which period he will adjudicate the income tax dues and pay the Income Tax Department, the necessary amounts. He will also discharge all other claims against the Insolvents/ Debtors. Further, he seeks leave of this Court to continue the Agency Agreements in respect of the premises at Malad and Goregaon. 3 These statements made by the Official Assignee are accepted. The amounts be released after 31st January, 2012 after the adjudication is *2* nmis.43.11.inpt.1.00.906.sxw conducted and the payments are made to the Income Tax Department, so also, after discharging all claims against the Insolvents. To enable to earn some income, the Official Assignee is permitted to extend the Agency Agreements in relation to the aforementioned immovable properties till 31st January, 2012. The Notice of Motion is, accordingly, disposed of. No costs. (S.C. Dharmadhikari, J)