Judgment

M. Jagannadha Rao, J.-Special leave granted in all the Special leave petitions.

2. Civil Appeal arising out of SLP (C) No. 14327/1997 is filed by ‘Real Value Appliances Ltd.’ against the order of the High Court of Bombay dated 28.7.1997 passed by a Division Bench in an interlocutory appeal, appointing a Receiver to take formal possession of the mort­gaged properties which are subject matter of suit No. 82 of 1997 pending before a learned Single Judge of the said High Court on the Original Side. The respondent Canara Bank, which is the plaintiff in the suit is claiming in consortium with Union Bank of India a sum of Rs. 23.67 crores (approximately) as due to it as on 24.12.1996. Earli­er the Single Judge of the Bombay High Court in his order dated 10.1.1997 had disallowed the application for appointment of Receiver in view of the stay of appointment of provisional Liquidator granted by a Division Bench of the Bombay High Court in winding up proceedings on 20.12.1996.

3. Civil Appeal (arising out of SLP (C) No. 14750 of 1997) is filed by the appellant Company against the order passed by another Division Bench of the Bombay High Court dated 8.8.1997 in Appeal No. 1193 of 1996 by