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 OFFICIAL LIQUIDATOR’S REPORT DATED 17TH SEPTEMBER, 2008. COMPANY APPLICATION NO. 1123 OF 2008 WITH COMPANY PETITION NO.411 of 1985 In the matter of M/s. Bombay Malleable Iron Casting & Allied Inds. Ltd.(In Liqn.) M/s. Gergi Metallorgical Corporation ...Petitioners Mr. N.M.Ganguly for workmen. Mr. S.Ramakantha, Dy. O.L. Present. CORAM CORAM CORAM : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. : A.M.KHANWILKAR,J. DATED DATED DATED : 10th October, 2008 : 10th October, 2008 : 10th October, 2008 P.C. . Heard Counsel for the workmen Union. In my opinion no fault can be found with the recommendation of the Official Liquidator to declare 3rd dividend @ 15 paise and pay the workmen dues amounting to Rs. 17,48,750/- as per settled list finding report for the time being. The fact that after excluding this amount, the Official Liquidator will still have further sum of around over Rs. 4/- lacs, cannot be the basis to direct the official Liquidator to release further dividend. In as much as the said amount may be required for some other purposes to be utilised for specified outgoings. In the circumstances, direction is issued in terms of prayer clauses (a) to (d) of the Report dated 17-9-2008. In 2 view of the above order, nothing survives for consideration in Application 1123/2008. The same is disposed of accordingly. [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.] [A.M.KHANWILKAR,J.]