1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY IN THE HIGH COURT OF JUDICATURE OF BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1089 OF 2007 IN COMPANY PETITION NO.797 OF 2005 B.I.F.R. ..Petitioner. And SICOM Ltd. ..Applicant. V/s. The Official Liquidator of Consolidated Containers (India) Ltd. ..Respondent. Ms.Jaymala Kant i/b. Prakash Panjabi & Co. for applicant. Mr.Rahena Anandraj h/f Pankaj Vijayan for respondent Punjab National Bank. Mr. S.Ramakantha, Dy. O.L. CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J CORAM: A.M.KHANWILKAR,J DATE : JANUARY 18, 2008. DATE : JANUARY 18, 2008. DATE : JANUARY 18, 2008. P.C. : P.C. : P.C. : 1. As the Applicant concedes that the sale proceeds will be appropriated by the Applicant subject to provisions of Section 529-A of the Companies Act and the orders passed by the Official Liquidator on the claims submitted by other secured creditors, this application is granted in terms of prayer clause (a), subject to above. 2. Application disposed off accordingly. 2 (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J) (A.M.KHANWILKAR,J)