INPT/67/1955 of BANK OF INDIA Vs R.M. RASTOGI on 21 June 1955

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

IN ITS INSOLVENCY JURISDICTION

OFFICIAL ASSIGNEE’S REPORT DATED 1ST DECEMBER, 2006ININSOLVENCY NO. 67 OF 1955

Re: Ramnath M. Rastogi.

...Insolvent

Ex-parte :The Bank of India.

... Petitioning Creditor.

....

Mr. Y.C. Parikh, Official Assignee present.

.....

CORAM : DR. D.Y. CHANDRACHUD,J.05th DECEMBER 2006.

P.C. :1.An order of adjudication was passed on 21st June1956. The first dividend of 0.05 ps. in a rupee wasdeclared on 18th January 1960 to the PreferentialCreditors whose claims were admitted.2.The Official Assignee has at present in his handsRs. 13,948.57. The Preferential liability is in theamount of Rs.2,42,706.86 ps. The Official Assignee hasprayed that the cash balance in hand may be transferred tothe unclaimed dividend capital account under Rule 178 ofthe Bombay Insolvency Rules, 1910 and thereafter, to theunclaimed dividend capital revenue account and the accountmay be closed for administrative purposes.

the report of the Official Assignee is accordingly granted.

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