Official Liquidator of Vaishnavi Rasayan Pvt. Ltd. (in Liquidation) v. Asha Suresh Verma (Pettitioner)
Case brief
What is this about?
Vaishnavi Rasayan Pvt Ltd (In Liqn.); Official Liquidator's Report No. 37 of 2025 in Company Petition No. 487 of 2007; Bombay High Court, Sharmila U. Deshmukh J, order dated August 1, 2025; appointment of Chartered Accountant from Official Liquidator's panel; scrutinizing/adjudicating claims; preparation of list of claims to be admitted/rejected; professional fees of Chartered Accountant payable out of funds of company in liquidation; scale of fees fixed by order dated 26.04.2023 on OLR No. 51 of 2023; OLR allowed in terms of prayer clauses (a) and (b); counsel: Mutahhar Khan for the Official Liquidator.
What did the court decide?
Directions granted in terms of prayer clauses (a) and (b) of the OLR: the Official Liquidator may appoint a Chartered Accountant from the panel maintained by the Official Liquidator to scrutinize/adjudicate claims and prepare the list of claims to be admitted/rejected in respect of Vaishnavi Rasayan Pvt Ltd. (In Liqn.), and may pay the Chartered Accountant's professional fees out of the funds available to the credit of the company (in liquidation) as per the scale of fees decided by the Court's order dated 26.04.2023 on OLR No. 51 of 2023.