:1: IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. O. O. C. J. O. C. J. O. C. J. COMPANY COMPANY COMPANY APPLICATION NO. 510 OF 2007 APPLICATION NO. 510 OF 2007 APPLICATION NO. 510 OF 2007 IN IN IN COMPANY COMPANY COMPANY PETITION NO. 351 OF 1997 PETITION NO. 351 OF 1997 PETITION NO. 351 OF 1997 The Union of India. ... Applicant. V/s. AVI Industries Ltd. through the Official Liquidator, High Court,Bombay. ... Respondent. ..... Ms. Rachana Kapasi i/b. Kishore Nemade for the Applicant. Mr. Devashish Mitra for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD, J. 3RD MAY, 2007. P.C. : . Counsel appearing on behalf of the Applicant states that notice has been served and undertakes to file an affidavit of service within a period of one week from today. This is a formal application moved by the Union of India for leave under Section 446 of the Companies Act, 1956 to continue with the proceedings filed before the Company Law Board against the Company in liquidation and its Directors. There is no reason why the leave of the Court as prayed should not be granted. 2. The Company Application is made absolute in :2: terms of prayer clause (a).