Allowed¶4
The Abhyudaya Co-Operative Bank Ltd. v. Official Liquidator for M/S. Kudus Steel Rolling Mills Pvt. Ltd.
Bombay HCIA/2158/2025
Case brief
AI extract
What is this about?
Reimbursement of secured creditor's security and valuation expenses from sale proceeds in company liquidation; Official Liquidator directed to pay Rs.68,11,113/- (security charges) and Rs.37,760/- (valuation charges) to The Abhyudaya Co.-op. Bank Ltd.; bills verified by Official Liquidator; Interim Application No. 2158 of 2025 in Company Petition No. 1145 of 2015; High Court of Judicature at Bombay, Ordinary Original Civil Jurisdiction; Sharmila U. Deshmukh, J.; decided August 8, 2025; Kudus Steel Rolling Mills Pvt. Ltd (In liquidation).
What did the court decide?
Reimbursement to the Applicant of Rs.68,11,113/- towards security charges and Rs.37,760/- towards valuation charges, out of the sale proceeds. ¶4