Disposed
M/S. V.K. Arya and Co., v. Karsandas Surji Bhatia and Anr.
Bombay HCOAR/7/2009
Case brief
AI extract
What is this about?
The court disposed of an Official Assignee's report relating to an insolvency petition. By consent, the report was allowed, with specific clarifications regarding the handover of balance amount to insolvents and non-prejudice to a suit by M.P.Development Corporation.
What did the court decide?
Official Assignee's report allowed in terms of prayer clause (a); balance amount to be handed over after deducting costs.