Various Companies (in Liquidation) v. Na
Case brief
What is this about?
Keywords: Official Liquidator Report OLR 35 of 2026; Bombay High Court Ordinary Original Civil Jurisdiction; Arif S. Doctor J.; Rule 148 of the Companies (Court) Rules, 1959; Companies Act, 1 of 1956; invitation of claims from creditors and workers in liquidation; publication of notice in Free Press Journal (English) and Navshakti (Marathi); Panel Advertising Agency professional fees; Panel Chartered Accountant adjudication of claims of workers/creditors; list of admitted claims; pay scale approved by order dated 26.04.2023 on OLR No. 51 of 2023; Common Pool Fund Account Company Paid Staff Salary Reserve Fund Account; 44 companies in liquidation including Iccon Oil, Glodyne Technoserve, Orbit Polyster, Micro Technologies (India) Ltd.; directions for further steps in liquidation proceedings.
What did the court decide?
Report allowed and disposed of in terms of prayer clauses (a) and (b): permission to invite claims from creditors/workers under Rule 148 of the Companies (Court) Rules, 1959 by publishing notice in 'Free Press Journal' (English) and 'Navshakti' (Marathi) through the Panel Advertising Agency and to pay its professional fees; permission to appoint the Panel Chartered Accountant to adjudicate claims of workers/creditors, file the list of admitted claims, and pay professional fees as per the pay scale approved vide order dated 26.04.2023 on OLR No. 51 of 2023; payments to be made from the 'Common Pool Fund Account Company Paid Staff Salary Reserve Fund Account', subject to deductions of applicable taxes.