( 1 ) THE hearing of this application under Sections 397, 398, 399 and 402 of the Companies Act, 1956 has taken considerable time and the arguments were only concluded on 14th June, 1960, when I reserved my judgment; but I directed the matter to appear on the list on 16th June, 1960, marked "to be mentioned" as I wanted certain information regarding the cash balance in the current banking accounts of the company. It may be mentioned here that prior to this the respondants had given an undertaking to Court (which still subsists) not to withdraw or deal with the compensation money amounting to over Rs. 35,00,000/- and the accrued interest thereon lying invested in short deposit accounts in different banks in the company's account. On 16th June 1960 Mr. R. C. Deb appearing on behalf of P. N. Talukdar informed me that the amount lying in current accounts of the company with several banks amounted to over Rs. 1,67,000/ -. Besides, there was also some cash in hand. This undoubtedly is a considerable amount and inasmuch as I had, by then made up my mind as to thd order I was going to pass in this application, except that I had not finally decided as to the form the order sh