Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>High Court directs disbursement of funds for unsold properties in 2007, Official Liquidator to assess claims, disputes resolved.</h1> <h3>MAHARANA MILLS RASTRIYA KAMDARSANGH Versus O.L. OF MAHARANA MILLS LTD. & 5</h3> The Gujarat High Court ordered the disbursement of funds in a case involving unsold properties in 2007. The Official Liquidator will assess admissible ... - Both applications seek disbursement, but 'no fund is available' because the properties are yet to be sold. Applicants raise grievances regarding the finalisation of the amount; those aspects will be addressed later. The court directs that the Occupational Liquidator (OL) 'shall consider the claim found to the extent of admissible limit' and that for any 'disputed claim' the OL's consideration will be recorded and such matters 'shall be finalised by this Court at the time when the disbursement is to be ordered.' Applications are disposed of accordingly.