1 abs IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER’S REPORT NO. 50 OF 2010 IN SUIT NO. 3636 OF 1999 I.C.I.C.I. Bank Ltd. .. Plaintiff V/s Pal Peugot Ltd. & Anr. .. Defendants Mr. Durgesh Khanapurkar i/b M.K. Ambalal & Co. for the plaintiff. Ms. Meghna Desai i/b G.H. Shukla & Co. for the Employees Union. Mr. K.L. Vyas, Court Receiver present in Court. CORAM : D.G. KARNIK, J. DATE : 13th APRIL 2010 P.C. : 1. The Court Receiver has filed a report to seek a direction as to whether he should get the revaluation from only one valuer or revaluation should be obtained from three valuers. By an order dated 27th November 2007, this Court (Coram: S.J. Vazifdar, J.) has directed the Court Receiver to obtain valuation from three valuers on the panel of the Court Receiver. This order has not been modified though Appeal 2 No.302 of 2010 has been filed in the proceedings. In the SLP against the order in Appeal No.302 of 2010 also, the Apex Court has not modified the order passed by the learned Single Judge for appointment of three valuers. 2. The Receiver, who is present in the Court, states that as per the previous report reserve price was previously fixed at Rs.1650 crores. It appears that the order dated 27th November 2007 directing Receiver to appoint 3 valuers was passed by this Court considering the enormous valuation and needs no variation. 3. In the circumstances, the Court Receiver is directed to proceed with the appointment of three valuers as per the order dated 27th November 2007. The parties shall cooperate with the Receiver. 4. The costs of the Receiver is fixed at Rs.1,000/-. (D.G. KARNIK, J.)