Official Assignee High Court Bombaybharatkumar Thakorlal Shah and Others v. Haresh Pranjivandas Shah.
Case brief
What is this about?
Bombay High Court, Ordinary Original Civil Jurisdiction (Insolvency), Official Assignees Report No.76 of 2025 in Insolvency Petition No.128 of 2004, decided 12 December 2025 by Jitendra Jain, J. Debtor/insolvent: Haresh Pranjivandas Shah; Ex-parte petitioning creditors: Bharatkumar T. Shah & Ors. Estate account contained only Rs.338/- against a debt of Rs.2,71,659/-; insolvent's whereabouts unavailable for about 20 years with no particulars from the petitioning creditor. Court found the matter infeasible to pursue, closed the estate account, transferred the amount lying therein to the unclaimed dividend capital account, and allowed the Official Assignee's report in terms of prayer clauses (a) and (b). Keywords: closure of insolvency estate account; dormant estate; untraceable insolvent; unclaimed dividend capital account; Official Assignee's report allowed; Insolvency Registrar; Official Assignee C. J. Bhatt.