1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.458 OF 2008 IN COMPANY PETITION NO.521 OF 1992 Henkel Chemicals (India) Ltd. .. Petitioner V/s. Garware Nylons Ltd.(In Liqn.) through O.L., High Court,Mumbai .. Respondent And Pravin Mahadev Dhole .. Applicant And MIDC, Ahmednagar .. Respondent Mr.Anand Grover with Firdaus Moosa i/by M.D.Nagle for applicant. Mr.Prashant Chavan i/by Navdeep Vora for MIDC, Ahmednagar. Mr.S.Ramakanta, Dy.O.L. present. CORAM : S.C.DHARMADHIKARI, J. DATE : 26th June 2008 P.C. . Mr.Chavan appearing for Maharashtra Industrial Development Corporation (for short MIDC), Government of Maharashtra Undertaking, states that the O.L. has been duly informed in writing that MIDC has withdrawn the notice dated 14th February, 2008 and that if possession is taken pursuant to the said notice, the same would 2 be handed over to the O.L. within a period of one week from today. In such circumstances, both the O.L. and the applicant need not have any apprehension and therefore, the applicant has sought time to pay the balance 75% amount and complete the sale. 2. Since the MIDC has withdrawn the notice and that the lease has not been terminated and considering that the subsequent developments resulted in the applicant not forwarding sums on time, it is directed that the O.L. would accept the balance 75% sum to be forwarded by the applicant if the same is forwarded within four weeks from today. In the light of these developments and the time being extended nothing survives in the Company Application and the same is disposed of. No further extension will be granted to the Union. A copy of the communication from the MIDC to the O.L. is taken on record and marked "X" for identification. 3 (S.C.Dharmadhikari, J)