:1: :1: :1: IN THE HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. COMPANY APPL. NO. 92 OF 1989 IN COMPANY PETITION NO.500 OF 1983 In the matter of M/s. Baani Exports and Imports P.Ltd (in liqn.) M/s. Raj Engineering Company and Iron Re-rolling Mills Jodhpur ....Petitioners AND The Official Liquidator and Liquidator of M/s. Baani Exports and Imports P.Ltd (in liqn.)...Applicants vs. 1. Bhupendra Navlakha ....Applicant Shri S.C. Gupta, O.L. present. CORAM: S.U.KAMDAR,J. DATE : 29TH APRIL,2005. P.C. : 1. In the present case the claim is for Rs.17,50,000/- Respondent no.1 and 2 is served. Application made absolute as against Respondent no1. 2. The liquidator is directed to conduct inquiry :2: :2: :2: after giving notice to the respective directors and or the persons against whom the application is taken out after conducting the inquiry and prepare a report and submit to the court for final orders. 3. Application is dismissed as against Respondent no.2. ********