Disposed

The Official Liquidator of Auram Machines (India) Pvt.Ltd. (in Liquidation) v. M/S Liang Lih Machine Co. Ltd. (Petitioner)

Bombay HC9 Feb 2024OLR/11/2024

Case brief

AI extract

What is this about?

Official liquidator's report in the liquidation of a company sought directions for payment of dividends to nine ordinary creditors and the Sales Tax Department, with provision made for three claimants whose rejected claims were pending challenge. The certified list of creditors was taken on record and directions were granted as prayed.

What did the court decide?

OLR allowed in terms of prayer clauses (a) to (d); directions granted for payment of dividends to creditors.

The Official Liquidator of Auram Machines (India)… — Insolvency and Bankruptcy | Bombay HC (2024)

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3_OLR11_24.doc

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

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OFFICIAL LIQUIDATOR’S REPORT NO.11 OF 2024

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COMPANY PETITION NO.434 OF 2016

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In the matter of Companies Act, 1 of 1956

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and

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In the matter of Auram Machines (India) Pvt. Ltd. (In Liquidation)

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M/s. Liang Lih Machine Co. Ltd. … Petitioner

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Mr. Rushabh Sheth for Official Liquidator.

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Mr. Chandan Kumar, Official Liquidator.

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Mr. Ankur Shah i/b. Mr. Hemant Sethi for Petitioner.

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Mr. Pranav Shah i/b. Mr. Akshay Petkar for Directors.

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CORAM : MANISH PITALE, J. DATE : FEBRUARY 09, 2024

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P.C. :

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. Heard learned counsel for the parties.

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By this OLR, the official liquidator is seeking specific directions in respect of payment of dividends to 9 (nine) ordinary creditors and the Sales Tax Department.

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In paragraph 4 of the OLR, the official liquidator has given the admitted amounts as regards the 9 (nine) ordinary creditrors as also the admitted amount due to the Sales Tax Department.

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It is further stated in paragraph 5 that claims of 3 (three) claimants have been rejected and upon communication of such rejection of claims, parties have filed applications before this Court challenging the rejection

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MINALSANDIPPARAB Digitally signedby MINALSANDIP PARABDate:2024.02.1211:55:42 +0530

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3_OLR11_24.doc

of their claims.

In paragraph 6 of the OLR, the official liquidator has specifically stated that provision has been made in respect of the claims of the aforesaid 3 (three) claimants, who have filed applications before this Court, challenging rejection of their claims. Thereupon, the official liquidator has sought specific directions in terms of prayer clauses (a) to (d).

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The list of creditors is given at page 11 of the OLR, which has been certified by the official liquidator. The said list of creditors is taken on record.

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In view of the above, the OLR is allowed in terms of prayer clauses (a) to (d).

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The OLR is disposed of.

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(MANISH PITALE, J.)

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Minal Parab

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The Official Liquidator of Auram Machines (India) Pvt.Ltd. (in Liquidation) v. M/S Liang Lih Machine Co. Ltd. (Petitioner)

Case brief

What is this about?

What did the court decide?

The Official Liquidator of Auram Machines (India) Pvt.Ltd. (in Liquidation) v. M/S Liang Lih Machine Co. Ltd. (Petitioner)

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

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