2004 (10) TMI 618

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....DER 1 State Bank of India, the applicant has taken out Judge's Summons praying for a direction to the Official Liquidator to remit sale proceeds to the extent of Rs. 18.25 lacs along with interest accrued thereon, if any, to the applicant to be applied towards the outstanding dues of the Company in liquidation. 2 Heard Mr.Pranav G.Desai, learned Advocate for the applicant and the Officia....

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....ti script in Ahmedabad edition for inviting claims of the workers/workers union if any so as enable to disburse the aforesaid amount; B The Hon'ble Court may be pleased to be taken undertaking from State Bank of India that in the event, if called upon by the Hon'ble High Court, the applicant shall refund the amount, with interest on Fixed Deposit. C Such other and further....

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..... The Official Liquidator is directed to make payment as aforesaid on the date of maturity of the term deposit receipt. 7 The Official Liquidator has stated in paragraph No.3 of his report that vide orders dated 24/1/1997 in Company Application No. 103 of 1995 with Company Application No.102 of 1995 this Court has issued orders to stay the sale of land and building till further orders and the a....