1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.3645 OF 2004 IN APPEAL NO.764 OF 2004 IN NOTICE OF MOTION NO.173 OF 2004 IN INSOLVENCY PETITION NO.82 OF 2004 M/s.Shree Ratan Industrial Corporation & Others .. Appellants. V/s. Satish Shivkumar .. Respondent. And Official Assignee High Court .. Respondent. Mr.M.L. Palan i/b. P. Kaushik for the appellant. Mr.S.H. Kapadia for supporting creditors. Mr.K.B. Poojary, Official Assignee present. CORAM : R.M. LODHA, & CORAM : R.M. LODHA, & CORAM : R.M. LODHA, & J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. DATED : 23RD DECEMBER, 2004. DATED : 23RD DECEMBER, 2004. DATED : 23RD DECEMBER, 2004. P.C. : Heard the learned counsel for the appellants and the Official Assignee who is present in court. 2. The appellants have already discharged their liability in respect of the claim of the petitioning creditor. The Official Assignee has been handed over two pay orders in the sum of Rs.4,17,000/-. 2 3. We direct the Official Assignee to adjudicate the claim of the six creditors who have obtained decrees against the appellants and discharge their liability along with interest from the sum of Rs.4,17,000/- deposited by the appellants with him. 4. Until further order, the order of adjudication shall remain stayed and the Official Assignee shall not take further steps for adjudication save and except as directed above. (R.M. LODHA, J.) (R.M. LODHA, J.) (R.M. LODHA, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)