Yogesh Atmaram Chandgothia v. M/S. Rajesh Investments a Partnership Firm and Others
Case brief
What is this about?
Insolvency adjudication; Bombay High Court; Insolvency Petition No. 14 of 2024; Jitendra Jain, J.; ex parte judgment-creditor Yogesh Atmaram Chandgothia; judgment-debtors M/s. Rajesh Investments & Anr.; partnership firm unable to pay decreetal amount; City Civil Court decree dated 5 March 2024 for Rs.35,97,386/- (Rs.41,23,518/- with interest and cost); unchallenged decree; order for adjudication against judgment-debtor no.1; impleadment of partners of judgment-debtor firm; PAN and address details of partners; Official Assignee to invest estate funds in Nationalized Bank; circular of Office of Prothonotary and Senior Master; petition disposed.
What did the court decide?
Adjudication ordered against judgment-debtor no.1 (partnership firm M/s. Rajesh Investment); Official Assignee to take necessary steps in accordance with law and invest realized estate funds with a Nationalized Bank per the Prothonotary and Senior Master's circular; petitioning-creditor at liberty to take steps within four weeks of receiving partners' details to make the partners parties to the proceedings.