The court allowed an application seeking condonation of delay by investors in lodging claims with the Official Liquidator, finding sufficient cause for the delay.
Condonation of delay for lodging claim allowed in terms of prayer clauses (a) and (b).
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CAL685-12 in CP123-10
Squeira
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY APPLICATION LODGING NO.685 OF 2012 IN
COMPANY PETITION NO.123 OF 2010
Ashokkumar Yadav & ors. .. Applicants In the matter between Kishore S. Patil. .. Petitioner V/s The Official Liquidator and Liquidator of M/s.Yes Cube Infrastructure Ltd.(In Liquidation) .. Respondent
Mr.Ketan Joshi i/b J.S.Chandnani, for applicants. Ms.Yogini Chauhan, Assistant Official Liquidator present.
CORAM: N.M.JAMDAR, J. Tuesday 8 January, 2013
P.C.:
By this application the applicants who are investors of the respondent-Company, seek condonation of delay in lodging their claim with the Official Liquidator. After going through the affidavit in support of the application I am satisfied that cause for condonation of delay is made out. Accordingly application is allowed in terms of prayer clause (a) and (b).
N.M.JAMDAR, J.
1 issue framed by the court
Whether condonation of delay for lodging a claim by investors with the Official Liquidator is made out.
Ashokkumar Yadav & ors.
Kishore S. Patil
The Official Liquidator and Liquidator of M/s. Yes Cube Infrastructure Ltd. (In Liquidation)
N.M. Jamdar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
