Rhett Precedent

Bombay High Court

INPT/159/1955 of GANESHMAL H. GOPALDAS Vs JAGANNATH R. GHAARPURE on 16 December 1958

THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

IN INSOLVENCY

REPORT NO. 150 OF 2006ININSOLVENCY NO. 159 OF 1955

Re.: Jagannath R. Gharpure.

... Insolvent.

Ex-parte :

Ganeshmal Hirachand Gopaldas. ... Petitioning Creditors.

.....

Mr. G.G. Ketkar, 1st Asstt. to Official Assignee.

.....

CORAM : DR. D.Y. CHANDRACHUD,J.22ND DECEMBER, 2006.

P.C. :

1. The Official Assignee has already declared a firstDividend of Rs.0.100 ps. in a rupee on 20th December1963. After taking necessary instructions, inchargeOfficial Assignee has stated that he is in a position todeclare interest at the rate of Rs.6.00% per annum. Nofurther recoveries are possible in the estate.2.The total funds lying in the account of the estateof Rs.94,985.02 ps. The Assignee has also prayed for anorder of annulment under Section 21(1) of the Presidency Towns Insolvency Act, 1909.

3. The report is made absolute in terms of prayer clauses (a) and (b).

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