Disposed
Bank of India v. Official Liquidator of M/S Samrat Cylinders and Heavy Engineering Company Private Limited
Bombay HCCA/127/2013
Case brief
AI extract
What is this about?
Bank of India, a secured creditor in a BIFR insolvency proceeding, moved to recall an order passed in absentia. The applicant sought to take over possession of the property. The Official Liquidator agreed. The court disposed of the application on the consensus between parties.
What did the court decide?
The application recalling the order is disposed of; the applicant (Bank of India) is permitted to engage a security guard and take over possession of the property.