IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. COMPANY APPLICATION NO.1138 OF 2009 IN COMPANY PETITION NO.328 OF 1996 Ushdev Trade & Finvest Ltd. ...Petitioner. Vs. The Official Liquidator & Ors. ...Respondents. And Guruda Keepers India Pvt. Ltd. ...Applicant. .... Mr.C.N. Mehta for the Applicant. Mr.P. Rama Rao, O.L. present. ..... CORAM : DR.D.Y.CHANDRACHUD, J. November 26, 2009. P.C. The Applicant, which is a Security Guards’ Agency, seeks permission to withdraw the Security Guards posted at the factory premises at Ankaleshwar. The reason that is advanced is that the dues have not been paid. The Liquidator states that the Secured Creditors have not placed him in funds. The Official Liquidator is permitted, in terms of the request made before the Court by the Liquidator, to hand over the secured assets to the secured creditors upon the execution of a signed receipt. The bills which have been submitted by the Applicant to the Official Liquidator shall be forwarded by the Liquidator to the Secured Creditors for comments/remarks and for being placed with funds necessary to cover the dues. In the event of non-payment by the Secured Creditors, the Official Liquidator shall put up a report before the Court. In these circumstances, the Company Application is made absolute in terms of prayer clause (a). .....