7.5 Cents Property Disclaimed Under Insolvency Code Still Included in Liquidation Estate; Affected Parties Considered Creditors.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Declaration of the property as DISCLAIMED u/s Section 36(3)(c) and (h) of I&B Code - not owned by CD - it is essential that the property having onerous characteristics admeasuring 7.5 cents should form the part of the liquidation estate of the Company - as per Regulation 10 (5) of the Liquidation Regulations, the Respondents being affected by the disclaimer shall be deemed to be a creditor and maybe paid as a debt in liquidation u/s 53(l)(f).....