ORDER :

1. Heard learned advocate Ms. P.J. Davawala for the applicant, learned advocate Mr. A.S. Asthavadi for respondent no.1 and learned advocate Ms.Nalini S. Lodha for respondent no.2.

2. By this report, the Official Liquidator has prayed for the following reliefs:

“(A) This Hon’ble Court may be pleased to hear GSFC and Bank of Baroda before passing any order of Disbursement/recovery from the concerned secured creditors of the company in liquidation.

(B) This Hon’ble Court may be pleased to permit Official Liquidator to pay an amount of Rs. 20,00,000/- or such amount as may be permitted by the Hon’ble High Court to GSFC in this regard.

(C) This Hon’ble Court may be pleased to direct Bank of Baorda to refund an amount of Rs. 15.53/- lacs plus applicable rate of interest to the Official Liquidator.”

3. This Court vide order dated 14.06.2017 passed in Official Liquidator Report No.37 of 2016 directed the Official Liquidator to get a report from the Chartered Accountant for reverification of the claim of Gujarat State Financial Corporation (GSFC) as the Official Liquidator prayed for