2 The Official Liquidator does not dispute that there have been defaults in payment of lease rentals and as a result, under the orders passed by a competent court, the vehicles have been repossessed by the Applicant. The terms of the Master Lease Agreement make it clear that it was the Applicant who was the owner of the vehicles. The lease was for a specified period, at the end of which or in the event of happening of event of default, whichever was earlier, the lease would come to an end. The event of default did occur and the lease accordingly did come to an end. The name of the Company in liquidation shown in the Registration Certificate of the vehicles is a matter under the Motor Vehicles Act and shows ownership merely for the purposes of that Act and not for other purposes. This is made clear by the Supreme Court in I.C.D.S.Ltd. Vs Commissioner of Income Tax, Mysore and Anr.1 In the premises, there cannot be any possible objection to the execution of transfer documents by the Official Liquidator in favour of the Applicant for transfer of registration under the Motor Vehicles Act. Accordingly, the Liquidator is directed to execute the requisite transfer documents concerning the vehicles described in paragraph 4 of the affidavit in support of the Company Application. The Official Liquidator submits that registration books concerning all the vehicles described in paragraph 4 are not available with the Official Liquidator and that for the purpose of execution of transfer documents, the Applicant should be asked to co-operate with the Official Liquidator. The Applicant shall, accordingly, co-operate in the matter with the Official Liquidator. The application is disposed of accordingly. There shall be no order as to costs.
