2017 (3) TMI 750

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....a, Advocate for Reserve Bank of India. PRADEEP NANDRAJOG, J. 1. The appellant is aggrieved by the fact that concerning an application for public examination of the persons named in the application the learned Single Judge has issued notice to the persons concerned applying the principle of natural justice audi alteram partem. 2. Learned counsel for the Official Liquidator does not dispute....

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....d publicly to disclose the assets of a company in liquidation and such other relevant information as would be helpful in the liquidation of the company. 4. We note the facts which are brought to our notice, making it clear that we are not opining on the correctness or otherwise of the said facts because the facts are very hazy and that is why public examination of the persons concerned is praye....

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....Behl learned counsel for the Official Liquidator states that even the Official Liquidator has filed an application for public examination of Mr.Kolla Madhava Reddy. 6. We find that public examination of six persons is prayed for. Four of them appear to be the family members and relatives of Kolla Madhava Reddy. 7. Two other persons Col.M.J.Ganapathy and Mr.N.Durgaiah whose public examination....

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....th the assistance of only the Official Liquidator or the person who has moved the application. Needless to state that the Official Liquidator or the applicant person would have to prima facie satisfy the court with reference to objective facts that case is made out to publicly examine the person named. The said person cannot participate in said decision making process. Only if the court summons th....