1999 (1) TMI 456

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.... Pursuant to the order of this Court dated 14-12-1998 and to comply with the directions which is contained in para 11 therein, offers were invited from firms of Chartered Accountants to carry out the work of writing the books and audit. The Official Liquidator has received quotations from four firms. The firm at Serial No. 4 at para 15 has quoted lump sum of Rs. 60 lakhs and firm at serial No. 2 h....

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....ether about 17 secured creditors of which according to the Official Liquidator majority have to file their claim in respect of their secured debts. There is also direction by this Court that the allegation of fraud, misfeasance and misappropriation has to be looked into in terms of para 11(3) of the order of this Court. Considering what has been set out earlier and in the report following directio....