2003 (7) TMI 584

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....ak for the Respondent. JUDGMENT 1. This O.S.A. is filed against the order of the learned Company Judge, dated 3-6-2002, passed in Company Application No. 563/2001 arising out of Co.A.1289/2000 in Company Petition No. 8/1974. 2. It is stated that the appellant-respondent was designated as Official Liquidator attached to the High Court. Pending company petitions, the matter was transferred ....

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....ber of Company applications have been transferred and under the circumstances, the learned Company Judge has invoked the powers and allowed H. Puttaswamy to continue even though his term has expired. Learned Counsel further submitted that in view of section 524 of the Companies Act, the Court has got power to make impugned appointment and to extend the term. Therefore, no interference is called fo....

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....ings. 5. We have heard the learned Counsel for the parties and perused the material on record and the relevant sections. 6. We have perused section 57 of the Provincial Insolvency Act, 1920 (for short 'Insolvency Act'), which deals with the power to appoint Official Receiver within such local limits as it thinks fit to be receiver under the Act, as may be prescribed. So far as regards appoin....

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....or or Liquidators. That is not the case here. A new Official Receiver Ramachandra Reddy has been appointed for the Lower Court for discharging his duty in the Civil Courts and the person so appointed as successor in the office is bound to carry out the work and to perform the functions as such and to comply with the directions in accordance with law. More so, the extension of the 1st respondent's ....