: 1 : SD IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.454 OF 2008 COMPANY APPLICATION NO.454 OF 2008 COMPANY APPLICATION NO.454 OF 2008 IN IN IN COMPANY PETITION NO.448 OF 2007 COMPANY PETITION NO.448 OF 2007 COMPANY PETITION NO.448 OF 2007 IN IN IN B.I.F.R. CASE NO.114 OF 1987 B.I.F.R. CASE NO.114 OF 1987 B.I.F.R. CASE NO.114 OF 1987 K. Mahendrakumar & Ors. ...Applicants V/s. The Provisional Liquidator, . M/s.Swastik Rubber Products Ltd. & Anr. ...Respondents Ms.Gayatri Singh, Advocate, i/b. Piyush Shah, for the Applicants. Mr.A.G. Damle, Advocate, for the Respondents. Mr.S. Ramakanta, Dy. Official Liquidator, present. Ms.Sunita Sonawane, Advocate, for the Company. CORAM : ABHAY S. OKA, J. CORAM : ABHAY S. OKA, J. CORAM : ABHAY S. OKA, J. DATE : 10TH APRIL, 2008. DATE : 10TH APRIL, 2008. DATE : 10TH APRIL, 2008. P.C.: P.C.: P.C.: 1. Heard learned Counsel appearing for the applicants. She states that the respondent has been duly served with the notice of this application. The learned Counsel appearing for the respondent-company seeks time. 2. In view of averments made in the affidavit-in-support and documents annexed to the affidavit in support, prayer clauses (a) and (b) of : 2 : this Application deserve to be granted. Separate proceedings will have to be adopted by the applicants in sofar as prayer clause (c) is concerned. At this stage it is not necessary to grant prayer clause (d) as the Provisional Liquidator is already taking steps in accordance with law. 3. Hence, Company Application is made absolute in terms of prayer clauses (a) and (b). Amendment to be carried out within a period of four weeks from today. 4. Liberty to take out separate proceedings for seeking prayer clause (c). Liberty to take out appropriate proceedings as regards prayer (d) at appropriate stage. [ABHAY S. OKA, J.] [ABHAY S. OKA, J.] [ABHAY S. OKA, J.]