1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.225 OF 2010 IN COMPANY PETITION NO.540 OF 2000 SICOM Limited .. Petitioners And Hitachi Jewellary Industries Ltd. .. Applicant Vs. The Official Liquidator of M/s.Hitachi Jewellary Industries Ltd. (in Prov. Liqn.) .. Respondents Mr.C.N.Mehta for the applicant Ms.Shyama Parkar i/b M/s.M.P.Rege and Co. for the Org.Petitioners Dr.T.Pandian, Dy.Official Liquidator present CORAM : S.J.Vazifdar, J. DATE : July 27, 2010 P.C. : 1. Rule 28 had admittedly not been complied with. Thus, irrespective of the proceedings before the AAIFR, the order dated 20.08.09 has to be set aside and the Company Petition would require to be heard afresh. 2 2. In such circumstances, the Company Application is made absolute in terms of prayer clause (a). The Company Petition be placed on board for final hearing tomorrow i.e. 28.08.2010. 3. The Official Liquidator shall maintain status quo as regards possession as of today till further orders. The respondent company is restrained from disposing of, alienating, encumbering, parting with possession of, or creating any third party rights in respect of any of its assets except payment of wages, salaries and statutory dues.