: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION MISC. PETITION NO.60 OF 1999 Industrial Investment Bank of India Ltd. and another ....Petitioners V/s. Suvin Co-Extrusions Ltd. & Ors. ....Respondents Ms.Kavita Anchan i/b M.V. Kini & Co. for the Petitioners. None for the Respondents. CORAM : S.J. VAZIFDAR, J. DATED : 23RD JANUARY, 2008. P.C. : 1. The Petitioners seek an order for sale of the plant and machinery described in the schedule to the deed of hypothecation dated 3.12.1992 and for paying over the sale proceed thereof to the Petitioners towards the satisfaction of their claim. The Petitioners have also sought an order restraining the Respondents from alienating, encumbering, transferring etc. the hypothecated securities. The Petitioners have further sought an order for appointment of the Court Receiver of the assets charged and/or to be charged with power to sell the same and for payment of the sale proceeds in respect of the amounts payable by Respondent No.1 to the Petitioners under the loan : 2 : agreement dated 3.12.1992. 2. There is no affidavit in reply. The Respondents remained absent on 16.1.2008. They are absent today. They have not stated anything regarding the proceedings which had been adopted under S.I.C.A. 3. There is no dispute therefore that the amounts mentioned in the Petition are due and payable by the Respondents to the Petitioners. Nor is there any dispute regarding the documents executed and to be executed. 4. In the circumstances, the Petition is made absolute in terms of prayers (a) to (d). Liberty to apply in respect of the remaining prayers in the event of the dues of the Petitioners not being satisfied as a result of the reliefs granted. Respondent No.1 shall pay the costs of this Petition fixed at Rs.10,000/- to the Petitioners within twelve weeks from today.