INPT/16/1968 of SHRI CHIMANLAL RAMJI Vs S.M. NANAVATI on 21 January 1969

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

IN ITS INSOLVENCY JURISDICTION

OFFICIAL ASSIGNEE'S REPORT NO.93 OF 2006

IN

PETITION NO.16 OF 1968

Re: Someshchandra Manilal Nanavati

( M/s. Gautam Traders) .. Insolvent.

Ex-parte :Chimanlal Ramji

.. Petitioning Creditor.

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

CORAM: DR. D.Y. CHANDRACHUD, J.

19th December, 2006.

P.C.:

The Official Assignee has in his report prayed that the balance lying in the insolvency proceedings be transferred to theUnclaimed Dividend Capital Account in accordance with Rule 178of the Bombay Insolvency Rules, 1910 and that the account maybe closed for administrative purposes. The balance lying atpresent is Rs. 8901.69.

The relevant facts are as follows :

Order of adjudication was passed on 21[st] January, 1969. Order of adjudication was passed on 21[st] January, 1969.

The preferential liabilities amount to Rs.2,28,541.45 and the The preferential liabilities amount to Rs.2,28,541.45 and the unsecured liabilities amount to Rs.3,84,305.74.

No further recovery is possible. Hence, the report is madeabsolute in terms of prayer clause (a).