Disposed

Smt. Prabha P. Shenai through C.A. Sri Prakash Raghunath Shenai v. the Official Liquidator of M/S. Crown Maritime Company (I) Ltd. and 2 Others

Bombay HC10 Feb 2016CA/490/2012

Case brief

AI extract

What is this about?

Single Judge disposed of a company application regarding prayer clauses on an order dated 16 April 2014 and a case regarding examination by the Official Liquidator. They also disposed of a contempt petition by directing respondents to appear on a future date and stand over.

What did the court decide?

Official Liquidator directed to prepare report on assets and adjudication of employee claims; contingent prayer clause deferred; contest petition listed for future date.

Smt. Prabha P. Shenai through C.A. Sri Prakash… — Company and Corporate | Bombay HC (2016)

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54.CA-490-2012

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION

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COMPANY APPLICATION NO.490 OF 2012 WITH CONTEMPT PETITION NO.1 OF 2013 WITH COMPANY APPLICATION NO.224 OF 2012 WITH COMPANY APPLICATIO NO.574 OF 2015 WITH COMPANY APPLICATION NO.575 OF 2015 WITH COMPANY APPLICATION NO.1084 OF 2015 WITH COMPANY APPLICATION NO.1085 OF 2015 WITH COMPANY APPLICATION NO.26 OF 2016 IN COMPANY PETITION NO.1015 OF 2008

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Smt. Prabha P. Shenai (Through C.A. Shri Prakash R. Shenai) Vs.

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The Official Liquidator of M/s. Crown Maritime Company (I) Ltd. & Ors.

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….Applicant/Petitioner

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….Respondents

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WITH

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COMPLAINT NO.1 OF 2013 IN COMPANY PETITION NO.1015 OF 2008

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The Official Liquidator of M/s. Crown Maritime Company (I) Ltd. & Ors. ….Petitioner Vs.

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Shri Sukumaran Sujathan & Ors. ….Respondents ----

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Mr. Prakash R. Shenai, C.A. Of Applicant in person. Mr. S.A. Bhagwat for the Official Liquidator.

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Mr. Sameer Salvi, Senior Assistant present.

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Mr. Nikhil Rajani i/b. V. Deshpande & Co. for the respondent no.2 in CP/1015/2008 and for respondent no.4 in CNPCP/1/2013.

Gauri Gaekwad

54.CA-490-2012

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CORAM : K.R.SHRIRAM,J DATE : 10^th FEBRUARY, 2016

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P.C.:-

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COMPANY APPLICATION NO.490 OF 2012

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1 As regards prayer clauses – (a) and (b), pursuant to the order dated 16^th April, 2014, Dena Bank has filed an affidavit of one M.G. Prasad, Chief Manager of Dena Bank, IFB Branch undertaking to bring back the entire amount of Rs.1,83,60,000/- together with interest accrued thereon as and when directed by this court.

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In view of this undertaking, the question of granting prayer clauses – (a) and (b) does not arise.

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2 As regards prayer clause - (c), the Division Bench of this court by an order dated 14^th October, 2014 has observed that it will be open to the applicant to contend before the Official Liquidator that she ought to be considered a secured creditor in respect of the amount mentioned in the said prayer clause. Mr. Shenai states that his application is still pending adjudication before the Official Liquidator though it was filed some time in January, 2015. Mr. Bhagwat, counsel, on instructions states that this application will be considered and disposed in accordance with law within three weeks from today. Mr. Bhagwat also states that the applicant will be heard before the application is decided by the Official

Gauri Gaekwad

54.CA-490-2012

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Liquidator and they would give sufficient advance notice about the date and time of the personal hearing.

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Therefore, prayer clause - (c) is premature.

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3 As regards prayer clause – (d), Mr. Shenai states that it has already been rejected.

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4 As regards prayer clause – (e), Mr. Shenai states that there are no averments in support of the said prayer in the affidavit in support.

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5 As regards prayer clause – (f), it is in two parts. One is regarding report of the assets taken over by the Official Liquidator and the other is regarding claim by the ex-employee – Mr. Bobby Samuel. As regards the first part, the Official Liquidator is directed to prepare a detailed report regarding the assets taken over by the Official Liquidator including moneys deposited in this court by various parties in relation to or with regard to or in connection with the company (in Liquidation). A copy of the report to be made available to the applicant. As regards the second part, Mr. Shenai states that on the date of the application there was only one person - Mr. Bobby Samuel but subsequently there are many others who have filed claims for salaries/wages and according to Mr. Shenai none of them were employees and their claims cannot be paid

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Gauri Gaekwad

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4/5 54.CA-490-2012

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in priority over the applicant's claim. Mr. Bhagwat, on instructions from Mr. Salvi, who is present in court states that no amount of the company has been disbursed to any party.

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6 The Official Liquidator to provide a copy of the adjudication of claims of all the “so called employees” to Mr. Shenai within three weeks from today. Should the applicant herein wishes to challenge the adjudication, they may do so by filing an appropriate application.

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7 In view of the above, the company application stands disposed.

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CONTEMPT PETITION NO. 1 OF 2013

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1 The respondent no.4 is represented. As regards the other respondents, Mr. Shenai states that respondent nos.2 and 3 were represented by an advocate who used to represent respondent no.4 also but today respondent no.4 is represented by V. Deshpande and Company. Nobody is appearing for the respondent nos.2 and 3.

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2 Respondent nos.2 and 3 and respondent nos.5,6,7,8 and 9 are directed to remain present in court on the next date, i.e., 10^th March, 2016.

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3 The petitioner is directed to forward a copy of this order to these respondents.

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4 Stand over to 9^th March, 2016.

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(K.R.SHRIRAM,J)

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Gauri Gaekwad

Smt. Prabha P. Shenai through C.A. Sri Prakash Raghunath Shenai v. the Official Liquidator of M/S. Crown Maritime Company (I) Ltd. and 2 Others

Case brief

What is this about?

What did the court decide?

Smt. Prabha P. Shenai through C.A. Sri Prakash Raghunath Shenai v. the Official Liquidator of M/S. Crown Maritime Company (I) Ltd. and 2 Others

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

Case details

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