the very distressing state of affairs prevailing in the office of the Official Liquidator, High Court, Bombay. In the present matter, the Official Liquidator, High Court, Bombay, was appointed as a Provisional Liquidator of the Company as far back as on 31st July, 2013. At that time one Mr. Reddy was the in-charge Liquidator. Except for writing two letters, one in October, 2013 and the other in April, 2014, Mr. Reddy did not take any steps to take charge of the properties of the Company or the statutory records of the Company or to at least prepare an inventory of the movable and immovable assets of the Company thereby giving a complete free hand to the Directors of the Company to manage the affairs of the Company as per their convenience. The entire purpose of appointment of a Provisional Liquidator of the Company was thereby lost. I am informed that this Court had in May, 2014 issued directions to the Official Liquidator not to take possession of the assets of the Company secured in favour of the State Bank of India. This certainly cannot be used as an excuse by Mr. Reddy. The order appointing the Provisional Liquidator was
