High Court directs disbursement of funds for unsold properties in 2007, Official Liquidator to assess claims, disputes resolved. The Gujarat High Court ordered the disbursement of funds in a case involving unsold properties in 2007. The Official Liquidator will assess admissible ...
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High Court directs disbursement of funds for unsold properties in 2007, Official Liquidator to assess claims, disputes resolved.
The Gujarat High Court ordered the disbursement of funds in a case involving unsold properties in 2007. The Official Liquidator will assess admissible claims, while disputed claims will be resolved by the Court during disbursement. Both applications were disposed of as per the Court's directions.
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.
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