Official Liquidator of Various Companies (in Liqn) v. Na
Case brief
What is this about?
The Official Liquidator sought court permission to purchase computers, laptops, and printers totaling approximately Rs. 4.99 lakhs from a specific vendor to enhance office efficiency. The court, noting the existence of sufficient funds and a valid procedure followed by the Local Purchase Committee, granted the request to utilize the 'Printing & Stationary fund' common pool account for this expendi
What did the court decide?
Permission granted to purchase 10 computers, 1 laptop, and 5 printers for Rs. 4,99,200 from the 'Printing & Stationary fund' of the Common Pool Account.