Allowed
Bank of Baroda v. Kirit Indulal Khatadia
Bombay HCNMIS/20/2008
Case brief
AI extract
What is this about?
In a notice of motion under Section 21(1) of the Presidency Towns Insolvency Act 1909, the Bombay High Court annulled the order of adjudication. The court noted that the insolvent discharged all liabilities in full, the Official Assignee confirmed satisfaction of all claims, and the petitioning creditor remained absent without objection.
What did the court decide?
Notice of motion made absolute; order of adjudication annulled.