: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1615 OF 2008 IN COMPANY PETITION NO.1068 OF 1997 Suresh Murlidhar Talreja & Anr. ..Applicants. Vs. The Official Liquidator as the Liquidator of M/s.Svadeshi Mills Co. Ltd. (in liquidation) ..Respondents. WITH COMPANY APPLICATION NO.1616 OF 2008 IN COMPANY PETITION NO.1068 OF 1997 Chanda Suresh Talreja & Anr. ..Applicants. Vs. The Official Liquidator as the Liquidator of M/s.Svadeshi Mills Co. Ltd. (in liquidation) ..Respondents. WITH COMPANY APPLICATION NO.1636 OF 2008 IN COMPANY PETITION NO.1068 OF 1997 Vijay Murlidhar Talreja & Anr. ..Applicants. Vs. The Official Liquidator as the Liquidator of M/s.Svadeshi Mills Co. Ltd. (in liquidation) ..Respondents. : 2 : Mr.Simil Purohit with Mr.Prashant Beri i/b.M/s.Beri & Co. for the Applicants. Mr.Mihir B. Kandar i/b.M/s.Udwadia & Udeshi for M/s.Svadeshi Mills Co. Ltd. CORAM : S.J. VAZIFDAR, CORAM : S.J. VAZIFDAR, CORAM : S.J. VAZIFDAR, DATED : DATED : DATED : 22ND JANUARY, 2009 22ND JANUARY, 2009 22ND JANUARY, 2009 P.C. : P.C. : P.C. : The Applicants in the above Company Applications seek approval under Section 536 of the Companies Act, 1956 for transfer of shares of the company in liquidation, by them to various persons mentioned in the list annexed thereto. 2. The total number of shares in the above applications constitute less than 0.5% of the total equity capital of the company. 3. There is no reason to refuse the Applications. There is nothing to suggest that the same is either contrary to law or against the interest of the public in general or the company, its creditors and shareholders, in particular. 4. In the circumstances, each of the above Company Applications are made absolute in terms of prayers : 3 : (a) and (b). 5. It is clarified that this order will not absolve the liabilities of either the transferors or the transferees to pay up any unpaid amounts, if any, in respect of the said shares. ***