2016 (2) TMI 687

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.... out by the applicant Rajkot Nagarik Sahakari Bank Limited, for the grant of the following prayers: "A Be pleased to direct the Official Liquidator, the respondent to submit appropriate report before this Hon'ble Court as per order passed by this Hon'ble Court on 21.08.2009 in Company Application No. 635 of 2008. B Grant any other and further reliefs which this Hon'ble Court may deem fit and proper to grant." 2 In the order dated 21.08.2009, passed in Company Application No. 635 of 2008, in Company Petition No. 263 of 1998, this Court (Coram: Hon'ble Mr. Justice Jayant Patel,J), had issued the following directions: "7 Hence, considering the facts and circumstances, the OL shall disburse the amount of Rs. 40 lac....

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....le in the account of the company. It was further stated by the Official Liquidator that Company Application No. 224 of 2013, preferred by the Oriental Bank of Commerce, another Secured Creditor, be also heard along with the present application. Thereafter, the Official Liquidator has submitted a report dated 11.02.2016, wherein it is stated that, "7 That the Official Liquidator further most respectfully submits that after perusal of additional report of the Chartered Accountants, it is observed that the claim of Oriental Bank of Commerce has been rectified by them. The total outstanding secured claim of Oriental Bank of Commerce has mentioned is Rs. 5,63,991/( 4705955 + 970036=56,75,991 () 51,12,000=5,63,991/) Therefore, now outsta....

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....91/in terms of permission of section 529A of the Companies Act,1956, and thereafter, the claims of preferential creditors and unsecured creditors as mentioned in table "B" under Section 530 of the Companies Act, 1956. 10 Company Application No. 224 of 2013, has been preferred seeking the following prayers: "(A) THIS HONOURABLE COURT may be pleased to direct by appropriate orders and directions to be issued to Official Liquidator to disclose as to what is the present total amount lying with Official Liquidator in respect of M/s. Sardar Cement Private Limited in liquidation for distribution along with statement of accounts , and further to disclose what are the unpaid pending claims at present in respect of secured and unsecured c....