2019 (6) TMI 1247

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....COUNSEL FOR OL For The Respondent : None ORDER: This Application has been taken out under Sections 457(1) (e) and 460(4) of the Companies Act, 1956 read with Rules 9, 11, 167 of the Companies (Court) Rules,1959 for the following relief: i) permit the Official Liquidator to declare a dividend @ 100% amount to Rs. 1,81,068/- to one preferential creditor viz. Employees Provident Fun....

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.... for making payment. vii) authorise the Official Liquidator to pay the dividend due to any deceased creditor to his legal heirs upon production of such legal heirs, a family member certificate or such other certificate instead of producing a succession certificate and also upon furnishing personal indemnity bond in terms of Rule 280 of the Companies (Court) Rules, 1959. viii) per....

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....- is available to the credit of the company in liquidation out of which provision of Rs. 1,92,035/- has been made towards Central Government Fee, liquidation expenses, leaving the balance amount of Rs. 1,62,61,050/- to be utilised for declaration of dividend and that the Official Liquidator is now proposing to declare and disburse the dividend to one preferential creditor viz. Employees Provident ....

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....ividend account in Punjab National Bank and pay the dividend to unsecured creditors out of the said account in terms of Rule 290 of the Companies (Court) Rules, 1959. He is also authorised to fix the schedule for making payment and also to pay the dividend due to any deceased creditor to his legal heirs upon production of a family member certificate or such other certificate other than a successio....