IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO.4271 OF 2008 IN APPEAL (L) NO.486 OF 2008 IN CHAMBER SUMMONS NO.589 OF 2008 ALONGWITH COURT RECEIVER S REPORT NO.1 OF 2008 ’ IN SUIT NO.3406 OF 1999 Modern India Property Developers Ltd. .. Appellants Vs. ICICI Ltd. and Ors. .. Respondents Mr.V.R. Dhond i/b Mr.T.N. Tripathi and Co. for the appellant Mr.J.S. Saluja, A.G.P. for the State Mr.Kedar Dighe for the Official Liquidator Mr.Sachin Chandran with Mr.Swayam Chopde i/b M/s.M.K.Ambalal and Co. for the respondent no.1 Mr.Mayuresh Borkar i/b M/s.DSK Legal for respondent no.7 Mr.P.Ramarao, Official Liquidator present CORAM : J. N. PATEL & SMT. R.P. SONDURBALDOTA, JJ DATE : 11TH SEPTEMBER, 2009 P.C. : 1. It is submitted by the appellants, M/s.Modern India Property Developers Ltd. who are one of the purchasers of the properties of the Court Receiver in Suit No.3406 of 1999 that they have executed a bank guarantee in favour of the Court Receiver on 18.08.08. On 17.8.08 the appellants are directed to amend the bank guarantee in favour of the Official Liquidator who is now in charge of the assets of the company under liquidation i.e. Hico Products and the guarantee would not be invoked without seeking orders from this court. 2. Notice of Motion is disposed of accordingly. 3. The appeal to be listed for hearing in due course. ( J. N. PATEL, J) (SMT. R.P. SONDURBALDOTA, J.)