1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.285 OF 2009 IN COMPANY PETITION NO.1168 OF 2001 Mahavir Packaging ...Petitioner And Shri Waman Shivaji Ghag & Ors. ...Applicants V/s. The Official Liquidator of M/s.Shalimar Tubes & Industries Ltd. (In Liqn.) ...Respondent ......... Ms.Anita Manjalkar with Ms.Anita B.Sawant for Applicants. Mr.P.Ramarao, Official Liquidator is present. ......... CORAM:- A.M.KHANWILKAR, J. DATED :- JULY 3, 2009. P.C. 1. Perused reply affidavit filed by the Official Liquidator. 2. Having regard to the fact stated therein, it is not possible to accede to the request of the Applicants to direct the Official 2 Liquidator to pay remaining 90% of admitted amount. The grievance of the Applicants that the immovable property worth around Rs.Seven Crores has been auctioned only for Rs. 1,07,00,000/- (Rupees One Crore Seven Lakhs) will have to be stated to be rejected. Inasmuch as, the Applicants have not challenged the order confirming the auction sale. The auction sale was on the basis of valuation report submitted by the Government empanelled valuer and has been confirmed by the Court. 3. In the circumstances, no indulgence can be shown to the Applicants. This Application is disposed of. (A.M.KHANWILKAR, J.)