( 1. ) BY this order I. A. No. 16161/2006 is considered and decided.

( 2. ) THIS application is moved by the M/s Visvesvaraya Industrial research and Development Centre, Mumbai (for short the Centre) claiming possession of a shop situated at Unit No. 63 in Trade Centre, Arcade, Cuffe parade, Colaba, Mumbai.

( 3. ) THE order sheets dated 22-11-2002 passed by this Court shows that after winding up order was passed by this Court, the Official Liquidator submitted his report stating that the property in question was owned by the company and therefore the same should be auctioned and this Court has directed to sell all the movable properties of the Company including the present shop.

( 4. ) IN pursuance of this order, another order was passed by this Court on 22-11-2005 and 18-10-2006 for issuing advertisements, whereby this Court has directed to put the property of the Company to auction, therefore, the official Liquidator has issued advertisement and put the property in auction. ( 5. ) IT is contended that the said Research Centre is a Company registered under the provisions of Companies Act, 1956. The Company has entered into an agreement to lease out a shop admeasuring 750 sq.