2013 (8) TMI 1068

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....a, Adv. for IFCI,Mr Abhishek Anand and Ms Asha Batra, Advs. for SASF,Mr Samar Singh Kachwaha and Mr Ankit Khushu, Advs. for Alcatel Lucent India Ltd.    ORDER 01.08.2013 CO.APPL.1073/2012 Report No.548/2013 filed by the Official Liquidator has been perused. The prayer made therein is that IFCI Ltd. be directed to deposit the entire sale proceeds with interest with the Offi....

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....s of the company under liquidation, it is his function to disburse the amount after taking approval of the Company court for making the payments. His duties and functions cannot be made subject to the supervision of IFCI. I therefore direct IFCI to deposit the entire sale proceeds with the interest earned thereon with the OL within a week from today, as prayed for in the application so that paymen....

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....iting in the form of a minutes, a copy of which is annexed as Annexure B to the report. According to the minutes, which is signed by officers from both the sides, IFCI has to pay 13,15,880/- to Zullu Security (India) Pvt. Ltd. with immediate effect. IFCI is accordingly directed to pay the amount in terms of the minutes without any further delay, and in any case within one week from today. So fa....