Disposed¶11

Dheeraj Dineshkumar Agarwal v. Kiran Ravie Lalpurria

Bombay HC1 Apr 2025INPT/18/2024

Case brief

AI extract

What is this about?

Bombay Official Assignee insolvency adjournment order; private examination of insolvent Kiran Ravie Lalpurria (Insolvency Petition No. 18 of 2024) postponed to 01.10.2025; claimed settlement with petitioning creditor Dheeraj D. Agarwal and payment of Rs. 1.50 lakhs shown via account statements of Rheia Lalpurria; Notice of Motion for annulment of adjudication order dated 18.04.2025 in preparation; petitioning creditor initially unwilling to settle; no statutory provisions or precedent cases discussed.

What did the court decide?

Adjourned meeting for private examination of the Insolvent adjourned to 1st October, 2025 at 12.30 p.m., giving time to the Advocate for the Insolvent to make payment in full to the Petitioning Creditor and take out the Notice of Motion for annulment. ¶11

Dheeraj Dineshkumar Agarwal vs Kiran Ravie Lalpurria — Bombay HC (2025) — LawSathi Research

What the court decided

AI extract

Outcome

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Issue for consideration

Whether the adjourned meeting fixed for the private examination of the Insolvent touching his estate and affairs should proceed or stand further adjourned in view of the reported settlement and payments to the Petitioning Creditor. +1 more

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Court's answer

The Official Assignee noted that payment had already been shown to be made to the Petitioning Creditor and that the Advocate for the Insolvent was in process of taking out a Notice of Motion for annulment.

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Ratio / Principle

Some time was required to be given to the Advocate for the Insolvent to make payment in full to the Petitioning Creditor.

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Key takeaways

Today's meeting for the private examination of the Insolvent stands adjourned to 1st October, 2025 at 12.30 p.m.ratio¶12

Detailed headnote1 paragraphs

Official Assignee, High Court, Bombay — Insolvency Petition No. 18 of 2024 (Kiran Ravie Lalpurria, insolvent; Dheeraj D. Agarwal, Petitioning Creditor; act of insolvency 28.11.2024; petition 29.11.2024; adjudication 18.04.2025). At the adjourned meeting fixed for the private examination of the Insolvent, the Advocate for the Insolvent reported a settlement with the Petitioning Creditor and payment of Rs. 1.50 lakhs, evidenced by current and savings account statements of Ms. Rheia Lalpurria (well-wisher of the Insolvent), and stated that a Notice of Motion for annulment of the adjudication order had been prepared. Although the Advocate for the Petitioning Creditor instructed that the creditor did not wish to settle and sought commencement of the private examination, the Official Assignee held that some time was required to be given to the Advocate for the Insolvent to make payment in full and take out the Notice of Motion, and adjourned the meeting to 1st October, 2025 at 12.30 p.m.

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Before: Mrs. Chandan J. Bhatt Official Assignee, High Court,Bombay Date: 25^th August, 2025 at 12.30 p.m.

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Re: Kiran Ravie Lalpurria

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Insolvency Petition No. 18 of 2024 Date of Act of Insolvency… 28.11.2024 Date of Petition … 29.11.2024 Date of Order of Adjudn … 18.04.2025

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Insolvent : Absent

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Advocate for the Insolvent: Shri A. M. Saraogi a/w. Shri K.B. Munde. Advocate for the Petitioning Creditor: Ms. Ujwala Karpe i/b. Shri. Girish B. Kedia

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This is an adjourned meeting fixed for the private examination of the Insolvent touching his estate and affairs.

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Mr. A. M. Sarogi, Advocate for the Insolvent submits that,

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their client have already settled the matter with the Petitioning Creditor and have paid Rs.1.50 Lakhs to Mr. Dheeraj D. Agarwal (Petitioning Creditor). Advocate for the Insolvent has placed before me current and saving account statement of Ms. Rheia Lalpurria, Well wisher of the Insolvent showing entries of the payment made to the Petitioning Creditor. From the statement, it appears that Petitioning Creditor has paid the settled amount as agreed between parties as informed by the Advocate for the Insolvent. Advocate for the Insolvent further submits that, they have already prepared Notice of Motion for annulment of the order as entire payment is made to Mr. Dheeraj D. Agarwal (Petitioning Creditor).

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: 2 :

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Advocate for the Petitioning Creditor submits that, she has instructions that the Petitioning Creditor do not want to settle the matter and private examination of the Insolvent may be started. However, payment has already shown to be made to the Petitioning Creditor and Advocate for the Insolvent is in process of taking out Notice of Motion for annulment. In my view, some time is required to be given to the Advocate for Insolvent to make payment in full to the Petitioning Creditor.

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In view thereof, today’s meeting stands adjourned to

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1^st October, 2025 at 12.30 p.m.

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/media/ubuntu/7C86-4B9B/Kiran Ravie Lalpurria.doc

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Official Assignee

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MAS/CJB

Dheeraj Dineshkumar Agarwal v. Kiran Ravie Lalpurria

Case brief

What is this about?

What did the court decide?

Dheeraj Dineshkumar Agarwal v. Kiran Ravie Lalpurria

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Procedural history

Parties & counsel

Coram

Case details

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