((-1-)) MST IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.275 OF 2008 IN COMPANY APPLICATION NO.359 OF 2002 IN COMPANY PETITION NO.253 OF 1991 Kishore G. Hinduja Applicant C.N.Mehta with Kishore G. Hinduja for applicant. Kishore G. Hinduja, applicant in person present. S.Ramakanta, Dy.O.L.present. CORAM : A.M.KHANWILKAR, J. DATE : 03rd March 2008 PC : 1. According to the Official Liquidator the winding-up order in respect of respondent company has been passed on 14th June 1994. The Official Liquidator has taken over possession of assets and properties of the company in liquidation as back as in the year 2000. The security charges for all this period have mounted to almost Rs.12.00 lakh. Besides the said outgoing required to be incurred by the Official Liquidator, there are other outgoings in relation to the company in liquidation, such as amount ((-2-)) MST payable to the ESIS and MSEB dues which is almost around Rs.2.00 lakh. In addition, the Official Liquidator is likely to incur expenditure towards valuation of the assets. 2. The applicant who appears in person submits that he is willing to discharge all the pending obligations and submit scheme for reviving the company in liquidation. Be that as it may, to examine the bona fides of the applicant, this application can be entertained further only if the applicant deposits a sum of Rs.15.00 lakh (Rs.Fifteen lakh only) in this Court within six weeks from today. In case the applicant fails to deposit the said amount within the specified time, it will necessarily follow that the applicant is not serious about the scheme of revival and for which reason the application shall stand dismissed for non prosecution without further reference to the Court. I am inclined to impose such condition on the applicant as it is seen that the winding-up order is passed as back as in 1994 and the Official Liquidator has taken over the assets in the year 2000. Indeed, the applicant filed a company petition seeking approval of scheme for revival in the year 2002, but did not pursue that petition. As a result ((-3-)) MST thereof, the same was dismissed for non prosecution by the Prothonotary and Senior Master on 8th April 2003. The present application has been filed for recall of that order only on 21st February 2008. Be that as it may, in view of the above, hearing of this application is deferred till 24th April 2008 subject to above. (A.M.KHANWILKAR, J.)