BABOO LALL JAIN, J.

( 1 ) TWO applications have been made in the above matter, the first application has been made by the Official Liquidator, inter alia, praying that the respondent purchaser that is Mahendra Kumar Roongta be directed to take over possession of the movable and immovable assets of the company in liquidation upon payment of the costs and expenses incurred by the official Liquidator from the date of sale till the date of taking over possession of the assets in question, after adjusting the apportioned value of the land measuring four kathas and nine chataks. The Official Liquidator has further prayed that in default the -sale in favour of the said Mahendra Kumar Roongta be set aside and leave be given to the Official Liquidator to take steps for resale of the assets of the company (in liquidation) by forfeiting the money deposited by the respondent. The Official Liquidator has also prayed for leave to encash the sum of Rs. 9,00,000/ - invested in fixed deposit with the bank and for the disbursement of the amount.

( 2 ) THE second application has been made by the said Mahendra Kumar Roongta, inter alia, praying that the sale of movable and immovable assets of the com

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