2019 (7) TMI 106

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....I RAM REDDY For The Respondent : MR M ANIL KUMAR COUNSEL FOR OL ORDER: This application is filed praying the Court to direct the Official Liquidator to release the amount of Rs. 2.15 Crores received as sale consideration from the sale of Lot No.1 along with interest accrued on the said amount, subject to the condition that the applicant deposits the workmen dues as computed under Section ....

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....nterest at 21.5% per annum on the said amount from 21.02.2009 till the date of winding up order dated 30.08.2010 (totaling to Rs. 13,19,87,011/-), and the claim for Rs. 12,29,75,483/- was rejected. Aggrieved by the same, the applicant filed Company Appeal No.9 of 2015 which was allowed by this Court by order dated 06.10.2015, holding as under: "In the above view of the matter, the orde....

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....erest to the credit of the company in liquidation. Learned counsel appearing for the Official Liquidator would submit inasmuch as this Court while allowing the Company Appeal No.9 of 2015 has directed the Official Liquidator to sell the balance secured asset and entertain a fresh claim from the appellant and adjudicate the same in the light of the observations made in the Company Appeal, and as....

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....n of the amount payable, as the amount initially determined by the Official Liquidator through Form 69 dated 08.06.2015 has been set aside by this Court in Criminal Appeal No.9 of 2015, dated 06.10.2015. In other words, the entitlement amount that has to be paid to the appellant stands determined and now what all is required to be done is the disbursal of the entitled amount. The order dated 06....