THE OFFICIAL LIQUIDATOR OF NAVINON LTD. (IN LIQUIDATION) vs INDIAN LINK CHAIN MFG.LTD. (PETITIONER)

Judgment text excerpt

Digitally 1/26 3-IAL-26905-2024.DOC signed by KAWRE KAWRE KIRAN KIRAN KALYAN KALYAN Date: 2025.12.01 19:58:04 +0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION INTERIM APPLICATION (L) NO. 26905 OF 2024 WITH OFFICIAL LIQUIDATOR’S REPORT NO. 27 OF 2023 IN COMPANY PETITION NO. 1176 OF 2001 In the matter of Companies Act, 1 of 1956; And In the matter of M/s. Navinon Ltd. (In Liquidation) 1. Zulfikar Akbarali Khoja, Adult Indian Inhabitant, Having his Address at Salvad, Village Boisar District Palghar – 401 501. 2. Nilesh Indulal Ponda, Adult Indian Inhabitant Having his address at Bungalow no. 27, Jalaram Dham Saibaba Nagar, Boisar (W), Taluka District Palghar – 401 501. ...Applicants In the matter between : Indian Link Chains Mfrs. Ltd. Having Address at, Sonawala Building 2 nd Floor, 59, Mumbai Saamachar Marg, Mumbai 400 023. ...Petitioner Versus 1. The Official Liquidator, M/s. Navinon Ltd. (In Liquidation) Kiran Kawre 2/26 3-IAL-26905-2024.DOC 5th Floor, Bank of India Building, M. G. Road Fort, Mumbai 400 001. 2. Ravindra Kamlakar Palkar, an Adult Indian Inhabitant Having address at C-21, Building H-2 Shrirang Co-op Society, Opp. Vrindavan Bus Stop, Thane (W), 400 601. 3. CIDCO, Having Reg. Office at Nirmal, 2nd Floor, Nariman Point, Mumbai 400 021. ...Respondents _______ Mr. Mutahhar Khan, for Official Liquidator. Mr. Satyajit Roul, Official Liquidator and Mr. Chetan Shelke, Dy. Official Liquidator, Present. Ms. Sneha Phene a/w Ajit Tamhane, Savita Sawalkar and Priyanka Mahadeshwar i/b Namrata Sheroy for Noticee Nos.1 & 2 in OLR and Applicant in IAL No.26905 of 2024. Mr. Eshaan Saroop i/b Hoshaug Tafti for Respondent No.2 in IA No.26905 of 2023. _______ CORAM : ARIF S. DOCTOR, J. DATE : 27th NOVEMBER 2025 OR