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By this order I propose to dispose of two applications bearing C.M.A. No.3624/91 and C.M.A. No.724/92 filed by two applicants, namely, Fazal Corporation Private Limited and Firdous Spinning & Weaving Mills (Private) Limited. In the first named application, the applicants have prayed for recalling the order dated 11-12-1991 whereas in the second application they have prayed for stay of the operation of the said order dated 11-12-1991 pending the hearing of the final decision, in the former application.

It may be stated here that on 11-12-1991 the matter was fixed for hearing of Official Liquidates Reference No3, as well as for hearing of C.M.A. No. 279 of 1991.-In the said Reference the Official Liquidator had stated that the petitioner, namely, M/s.