Allowed
Anil G. Shah v. Lennecc Remedies and Ors.
Bombay HCNMIS/17/2013
Case brief
AI extract
What is this about?
This notice of motion application to annul an order of adjudication declaring debtors as insolvents was granted. The court found all claims settled, subject to an undertaking to pay subsequent claims and payment of official assignee commissions.
What did the court decide?
Annulment and setting aside of the order of adjudication declaring the debtors as insolvents, subject to the execution of an undertaking-cum-indemnity bond by the well-wishers.