Judgment

DESAI, J. :- As the matter brooked no delay, after granting special leave to appeal, we proceeded to hear tile appeal on merits. When the hearing was over, we pronounced the following order and stated that the reasons would follow. The order reads as under :

"The appeal is allowed and the order made by the learned single Judge as well as the Division Bench of he Bombay High Court rejecting the Judges Summons taken out by the appellants is set aside and the Judges Summons is granted to the extent indicated herein.

The appellants shall deposit Rs. 1,50,000/- by or before March 1, 1983 in this Court. Respondent No. 2 - Smt. Sabita V. Adapa shall hand over vacant and peaceful possession of the property being shops Nos. 8/9 on the ground floor of the building formerly known as Jagmohan Building No. 2 or as Ayaz Mansion and now styled as Ram Kutir situated at Station Road, Andheri, Bombay-400058 to the liquidator on or before February 28, 1983 who shall forthwith hand over possession on March 1, 1983 to the appellants, after taking a statement from the appellants that they have deposited the amount of Rs. 1,50,000/- in this Court as herein indicated.

On respondent No. 2 handing over vacant and peaceful possession of the aforementioned shops to the liquidator by or before February 28, 1983, the liquidator shall forthwith refund to her the security deposit of Rs. 28,800/- deposited by the second respondent with the liquidator.

Respondent No. 2 will be at liberty to remove all furniture and fixtures placed by her in the suit shop without causing damage to the property.

The amount of Rs. 1,50,000/- to be deposited by the appellants in this Court will with the consent of the appellants be disbursed according to the direction to be given by this Court to the needy and the deserving, creditors of the Chit Centre Pvt. Ltd. already ordered to be wound up by the High Court. Neither the liquidator nor the creditors of Chit Centre Pvt. Ltd. have any right to claim this amount of Rs. 1,50,000/- or any part thereof as it is an ex gratia payment made by the appellants for alleviating the misery if any of some of the hard hit creditors of Chit Centre Pvt. Ltd. The distribution, of the aforesaid amount will be at the absolute discretion of this Court. The appeal is allowed to the extent herein indicated with no order as to Costs."

These are the reasons.

2. On a winding up petition filed tinder the Companies Act, 1956, a learned Company Judge of the Bombay High Court made an order on September 23, 1974 winding up Chit Centre Private Ltd. (Company for short). The Company had its office in shops bearing Nos. 8 and 9 on the ground floor of the building formerly known as Jagmohan Building No. 2 or as Ayaz Mansion now known as Ram Kutir. On the winding up order being made, the Official Liquidator who was appointed As Liquidator of the Company while taking possession of the assets of the Company also took possession of the office premises of the Company. It is in this manner that the Liquidator acquired possession of shops Nos. 8 and 9, the premises involved in this appeal. Subsequently, the Liquidator sought direction of the Court on April 25, 1979 whether the premises should be let out on lease or licence or whether the furniture and fixtures in the premises should be sold? The Court gave a direction that the premises be given on caretaker basis after obtaining a proper document on a compensation not less than Rs. 2,250 per month. Pursuant to this direction the Liquidator invited offers from persons willing to occupy the premises on terms and conditions laid down by the Court. On July 2, 1980, the Liquidator sought the direction of the Court whether to accept the offer of M/s. Modern Caterers represented by respondent No. 2 herein, Smt. Sabita V. Adapa. The Company Judge by his order dated July 3. 1980 directed the Liquidator to accept the offer as modified by the Court, of the second respondent. The Liquidator thereupon entered into an agreement on Jul