2015 (6) TMI 1166

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.... Mr Zal Andhyarujina i/b Monish Vig for the Petitioner. Mr Naushad Engineer for Official Liquidator. Ms Prathibha Ramaswamy Asstt O.L. Present Ms Vaishali Bhilare for Respondent ORDER This application is for setting aside the adjudication of the Applicant's claim by the Official Liquidator. The Applicant had originally filed a proof of debt for a sum of Rs. 45,25,598/- comprising of p....

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....our of the Applicant based on the claim of Rs. 21,27,82,666/-. Secondly, the Applicant also seeks declaration in respect of its claim of Rs. 23,88,857/- towards safeguarding of the assets of the Company in liquidation together with interest as on 1 March 2011, which amounts to Rs. 1,10,32,733/-. 2 On the first issue, namely, the entitlement of the Applicant to recover any sum against the compan....

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.... Act and also after distribution of preferential dues under Section 530 of the Act. Until the distribution of dues thus has been accomplished and it is ascertained that there are surplus funds after such distribution, there is no question of awarding any interest on the dues of any creditor. There is no case here of any such surplus funds as of date. The original adjudication by the Official Liqui....

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....within a period of two weeks from today; (c) The Official Liquidator shall adjudicate this claim within a period of three weeks thereafter; (d) After adjudicating the claim, the Official Liquidator shall submit its final report concerning the adjudication of the claims received by it, so far, to enable this Court to ascertain the distribution of dues in accordance with the provis....