Disposed¶37
J M Financial Asset Reconstruction v. the Official Liquidator of
Karnataka HCCA/216/2019
Case brief
AI extract
What is this about?
Official Liquidator; release of interim 50% balance sale proceeds; value of building; Companies (Court) Rules, 1959 Rules 6 and 9; Company Application disposed as infructuous; final payment Rs.20,14,61,393/-; memo placed on record; M/s. Shakambari Fashions Pvt. Ltd. (In Liqn.); J.M. Financial Asset Reconstruction Company Ltd.; High Court of Karnataka; Company Petition No. 9 of 2010; 2025.
What did the court decide?
No substantive relief; the Official Liquidator's memo confirming the final payment was placed on record and the Company Application was disposed of as having become infructuous. ¶37