INPT/69/1975 of M/S.FATECHAND HIMATMAL and CO., Vs D. H. KARANDE on 2 March 1976

IN THE HIGH COURT OF JUDICATURE AT BOMBAYIN ITS INSOLVENCY JURISDICTION

OFFCIAL ASSIGNEE'S REPORT DT.18TH NOVEMBER, 2006INPETITION NO.69 OF 1975

Re: D. H. Karande ..Insolvent.Ex-parte:M/s. Fatechand Himatmal & Co...Petitioning Creditor.

...

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

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

21[st] November, 2006.

P.C.:

An order of adjudication was passed on 2[nd] March, 1976.

The schedule of assets and liabilities was filed by the Insolvent on26[th] April, 1976. On 27[th] April, 1976 an order of annulment ofinsolvency was passed under Section 21(1) of the PresidencyTowns Insolvency Act, 1909. At present a balance of Rs.15/- islying to the credit of the estate account. The Official Assigneehas prayed that this amount may be transferred to the unclaimeddividend capital account under Rule 178 of the Bombay InsolvencyRules, 1910 and thereafter to the unclaimed dividend capitalrevenue account and the account may be closed foradministrative purposes. Having regard to the circumstances set out in the report of the Official Assignee, there is no reason why the prayer should not be granted. Prayer clause (a) of the report of the Official Assignee is accordingly granted.