1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH, NAGPUR. OLR No.50/08 in Company Petition No.7/2001 In the matter of Maharashtra Explosives Ltd. Office Notes, Office Memoranda of Coram appearances, Court's orders or directions Court's or Judge's Orders and Registrar's orders. CORAM : A.P. LAVANDE, J. DATED : 12/09/2008. Heard Mr. Patole, Official Liquidator. By this O.L.R. the Official Liquidator seeks permission to release an amount of Rs. Six crores by way of adhoc payment to IDBI which is secured creditor. According to the Official Liquidator, presently an amount of over forty crores is available with Official Liquidator from the sale proceeds of the Company. In terms of Annexure, total amount due to IDBI as on the date up to 2.8.2001 is Rs. 64407440.00. In view of the above position, the Official Liquidator is permitted to make adhoc payment of Rs. Six crores to IDBI which is secured creditor, subject to IDBI giving undertaking to return the said amount or any part thereof without any demur as and when directed by this Court within a period of two weeks from the date of the order. 2 O.L.R. stands disposed of. JUDGE Ambulkar.