Allowed
The Kapol Co-Operative Bank Ltd. v. Prakash Mansukhlal Turakhia and Ors.
Bombay HCIRN/26/2014
Case brief
AI extract
What is this about?
The High Court in Insolvency Jurisdiction discharged a Rule Nisi and directed the annulment of the adjudication order because the petitioning creditor stated its claim was satisfied, refunding the security deposit to the Official Assignee.
What did the court decide?
Rule Nisi No. 26 of 2014 discharged; Official Assignee to annul adjudication order; Rs. 2000 deposit refunded.