2010 (9) TMI 1303

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....s<br>HON'BLE MR. JUSTICE SUDERSHAN KUMAR MISRA For the Appellant : Mr. Bhuvan Gugnani, Advocate For the Respondent : Mr. Rajiv Bahl & Ms. Manisha Tyagi, Advocates for the Official Liquidator. Ms. Manisha Singh Nair & Ms. Swati Setia, Advocates for Reserve Bank of India. SUDERSHAN KUMAR MISRA, J. 1. This is an application by the Official Liquidator under S.446 of the Companies Act, 1956....

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.... an amount of Rs. 1,00,000 is due to the company in provisional liquidation from the respondent on account of a staff loan/advance. The respondent is stated to have been an employee of the company in provisional liquidation. The Official Liquidator has, therefore, moved this application praying for an order of recovery of the said amount, along with interest @18% per annum till its realization in ....

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....that a sum of Rs. 1,00,000 is due and payable by the respondent, as on 31st March, 1997. Ex.P-2 (Colly) are copies of the demand notice dated 24th March, 1999 which was sent by the applicant to the respondent for recovery of the aforesaid amount; of the final demand notice dated 3rd November, 1999 sent by the applicant to the respondent; and of a communication dated 5th October, 2001 reminding the....