Allowed
Ramesh Kimatram Gianani v. M/s.Lata Silk MILLs, Anil Bhagwandas Budhrani,Applicant, Insolvent NO.2
Bombay HCNMIS/20/2019
Case brief
AI extract
What is this about?
This judgment deals with the annulment of an order of adjudication of insolvency on the ground of full payment of the debt. The court allows the Notice of Motion and directs that the amount deposited by the well-wisher of the insolvent be utilized towards the Official Assignee's office administrative expenses.
What did the court decide?
The order of adjudication of insolvency dated 17.04.2018 was annulled. The amount of Rs. 12,130/- deposited by the well-wisher of the insolvent was allowed to be utilized by the Official Assignee towa