Lsp 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 APPLICATION NO. 427 OF 2008 IN COMPANY PETITION NO. 766 OF 1990 Engineer Masdoor Sabha .. Petitioner And Punjab & Sind Bank .. Applicants v/s. Narayan Sarjerao Ether & Anr. .. Respondents Mr.Rishabh Shah with Mrs.Rajani i/b. Haridas & Co. for the Applicants. Mr.S.Ramakantha-Dy.O.L.present. Ms.Molina P.Thakur for Respondent No.1. CORAM CORAM CORAM : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. DATED DATED DATED : 24th October, 2008 : 24th October, 2008 : 24th October, 2008 P.C. . Heard Counsel for the parties. As of now, there is no declaration in favour of the applicants that the applicants are secured creditors in relation to property known as Bhasin Villa at Aurangabad. The fact that Bhasin Villa has been registered by itself does not mean that the applicants have been recognised as secured creditors in law. In absence of sufficient material to accept the claim of the applicants as secured creditors, the basis on which the applicants have approached this Court for the reliefs claimed in the present application cannot be accepted. Hence, this application is disposed of. [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.]