A single-paragraph order where Ranjit More, J. made a notice of motion for annulling an adjudication order absolute, given that all claims against the insolvents were settled and the Official Assignee had no objection.
The notice of motion for annulling the order of adjudication was made absolute.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION No. 49 OF 2012 IN INSOLVENCY PETITION NO. 130 OF 2003
M/s. Associated Brothers. ..Petitioning Creditor. Versus M/s. Prastomen Extrusion & Ors. ..Insolvents.
Mr. Ramesh Jain for Insolvents/ Applicants. Mr. M.D.Narvekar, O.L. Present.
Coram : RANJIT MORE, J. Date : March 19, 2013 .
P. C. :
[RANJIT MORE, J.]
1 / 1
patilsr
2 issues framed by the court
Whether an order of adjudication declaring applicants as insolvents can be annulled upon settlement of all claims and payment of costs.
Whether the petitioning creditor's application to annul the adjudication order is maintainable in the circumstances of the case.
M/s. Associated Brothers
M/s. Prastomen Extrusion
RANJIT MORE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
