S S Mudbal (Mudaral) v. the Official Liquidator
Case brief
What is this about?
A Single Judge of the Karnataka High Court allowed multiple Company Applications filed under Rule 164 of Companies (Court) Rules, 1959, with condonation of delay. The Court held that the substantive issue regarding closure compensation was settled by a prior order and granted entitlement to such compensation while clarifying that gratuity claims must be pursued before the Employees Gratuity Trust.
What did the court decide?
Condonation of delay allowed; applications to set aside Form 69 allowed on terms that applicants are entitled to closure compensation denied to them.