Shernaz Faroukh Lawyer and Anr. v. Manek Dara Sukhadwalla and Ors.
Case brief
What is this about?
The Court allowed an Administrator's report requesting directions to accept a full and final settlement of Rs. 10,66,200 from Tata Power Company Limited and to receive vacant possession of Outhouse No.1. All parties consented to the request, and the Court ordered the payment, property handover, and discharge of the Court Receiver.
What did the court decide?
Direct payment of Rs. 10,66,200; handover of vacant possession of Outhouse No.1; discharge of Court Receiver without passing accounts.