1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER'S REPORT NO.307 OF 2008 IN SUIT NO. 1413 OF 1979 The National Small Industries Corporation Limited. ...... Plaintiffs. V/s M/s Kay Jay Spirol (Pvt.) Ltd. & Ors. ....... Respondents. ---- Mr. R.J. Singh for the plaintiffs. Mohd. Iliyas Chaudhary offerer of the Raj Enter Prises is present in Court. Mr. D.V. Deokar, 1st Assistant to the Court Receiver, present. ----- CORAM: V.M. KANADE, J. DATE : 17th SEPTEMBER, 2008 P.C.: 1. Pursuant to the directions given by this Court, an auction was held and the highest offer was given by the Raj Enterprises in the sum of Rs 76,000/-. According to the Valuer, however, value of the machine is Rs 1 lakh. The proprietor of Raj Enterprises is not willing to increase his offer any further beyond Rs 76,000/-. In the report, it is stated that the machine is very old and is technically obsolete due to latest technological innovations that have taken place in the field. Further, the machine is not in operation over last two decades. In view of this, it would be 2 appropriate to accept the offer given by the proprietor of the Raj Enterprises. 2. Accordingly, offer given by the Raj Enterprises may be accepted. Plaintiffs have no objection if the machine is sold for the said amount offered by the Raj Enterprises. Court Receiver to complete the transaction. 3. Court Receiver's report is disposed of. (V.M. KANADE, J.) 3