*1* ca.218.11.cp.423.07.969.sxw kps IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.218 OF 2011 IN COMPANY PETITION NO.423 OF 2007 IFCI Ltd. ..Applicant -versus- The Official Liquidator of IBIZA Industries Ltd.. ..Respondents -And- BIFR. ..Petitioner ............ Ms.Sneha Prabhu i/b Juris Consultus, for the Applicant. Mr.N.Chinnachhany, for the Official Liquidator. Ms.Rupa Sutar, Assistant Official Liquidator, present. ............ CORAM : S.C.DHARMADHIKARI, J. Date : 14th October, 2011. P.C.: 1 Heard the learned counsel appearing for the Applicant. The Applicant's Advocate states that the Applicant would lodge all documents in support of its claim and a formal claim application to the Official Liquidator within a period of one week from today. She also states that the Applicant will give undertaking to this Court within a period of two weeks from today that the Applicant shall bring back and redeposit the amount of Rs.2 crores along with accrued interest as and when demanded by the Official Liquidator on adjudication of all claims against the Company in liquidation. 2 After both statements being complied with, the Official Liquidator shall disburse the sum of Rs.2 crores to the Applicant. Needless *2* ca.218.11.cp.423.07.969.sxw to state that if the Applicant does not lodge its formal claim application along with necessary proof and documents and does not produce the undertaking within the time stipulated above, it shall not be entitled to the sum of Rs.2 crores. However, on compliance, the Official Liquidator to allow the Applicant to take away the sum as stated in paragraph 7 of the reply filed by the Official Liquidator. 3 In such circumstances, the Company Application is disposed of in these terms with no order as to costs. (S.C. Dharmadhikari, J)