1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi COMPANY APPLICATION NO. 1305 OF 2009 IN COMPANY PETITION NO. 646 OF 1987. M/s. J.B.A. Printing Inks Ltd. ..Petitioner. And M/s. Batch-Tech Chemicals. ..Applicant. v/s. The Official Liquidator & Liquidator of M/s. Web Contertors (India) Ltd. ..Respondent. .... Ms. Sadhana Sonawane, for Applicant. Official Liquidator, present. Mr. Kaushik Patel, present in person. .... CORAM : S.J. KATHAWALLA, J. DATE : 8TH JANUARY 2010. P.C. The applicant, vide this application seeks acceptance of its offer of Rs. 25,00,000/- to purchase the immovable property being plot/shed no.A-2/3449, GIDC Industrial Area, Ankleshwar, District Bharuch, Gujarat. 2. The Official Liquidator had earlier advertised the sale of the said property. However, no offers were received from any prospective buyers. At that time, the reserved bid fixed was of Rs. 2 40,00,000/-, which is thereafter, reduced by this Court to Rs. 24,50,000/-. The applicant has increased his offer of Rs. 25,00,000/- to Rs.26,00,000/- in Court which is accepted. The applicant has also submitted a Demand Draft to the tune of Rs. 6,50,000/- being 25% of the said sale price, which is accepted by this Court. 3. In view thereof, the sale of the said property is allowed in favour of the applicant, subject to his making payment of the balance amount within a period of four weeks from today. On receipt of the said payment, the Official Liquidator shall execute the necessary documents and hand over possession of the said property to the applicant. 4. Company application is accordingly disposed of. [ S.J.KATHAWALLA, J. ]