JUDGMENT - KHANWILKAR A.M., J.:—This order will dispose of the application preferred by M/s. Patel Engineering Company Limited (hereinafter referred to as the Applicant) being Company Application No. 405 of 2002 and all reports of the Official Liquidator concerning the issue regarding the steps to be taken in respect of the premises in question, which were originally occupied by the company in liquidation on lease.

2. The above numbered application has been filed by the applicant praying that the Official Liquidator be directed to hand over quiet, vacant and peaceful possession of the premises described in Exhibits "A" and "C" to the affidavit in support of that application and also for further relief of payment of a sum of Rs. 7,24,03,372/- (Rupees Seven Crores Twenty Four Lakhs Three Thousand Three Hundred Seventy Two), together with interest at the rate of 15% per annum on the principal sum of Rs. 59,20,411/- (Rupees Fifty Nine Lakhs Twenty Thousand Four Hundred Eleven) from the date of filing of the application till the payment and/or realisation. Insofar as relief (b) of payment of amounts referred to above is concerned, Counsel appearing for the applicant has made a statement

Click Here to Read the rest of this document