IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION. ORIGINAL CIVIL JURISDICTION. ORIGINAL CIVIL JURISDICTION. COMPANY COMPANY COMPANY APPLICATION NOS. 408 OF 2002 & 218 OF 200 APPLICATION NOS. 408 OF 2002 & 218 OF 200 APPLICATION NOS. 408 OF 2002 & 218 OF 2004 IN IN IN COMPANY COMPANY COMPANY PETITION NO. 521 OF 1992 PETITION NO. 521 OF 1992 PETITION NO. 521 OF 1992 Henkal Chemicals (India)Ltd. ....... Petitioner. versus The official Liquidator of Garware Nylons Limited ..... Respondents. And ICICI Limited ..... Applicants ..... Shri A.Y.Bokwala i/b. Manilal Kher Ambalal & Co. for the applicant in support. Shri S.C. Gupta- official liquidator - present. ..... CORAM CORAM CORAM ; S. U. KAMDAR, J. ; S. U. KAMDAR, J. ; S. U. KAMDAR, J. DATED; DATED; DATED; 30TH NOVEMBER, 2004 30TH NOVEMBER, 2004 30TH NOVEMBER, 2004 P.C.; P.C.; P.C.; 1. The Official Liquidator is directed to deposit in Fixed Deposit the amount which is recovered by way of sale proceeds from the securities which are subject matter of the charge of the ICICI Bank with ICICI bank initially for a period of one year. The Liquidator to renew the said Fixed Deposit from time to time until further orders from this court. 2. The Company Application nos. 408/02 and 218/04 is adjourned to 9-12-2004 on the legal issue which are raised by the Liquidator pertaining to decree to be obtained by the secured creditors before the amount can be released from the secured creditors. 3. The Officiual Liquidator is free to appoint an advocate to place before the court his version of arguments in the aforesaid matter. *****